Web Storage Company Box Secretly Files for IPO
Box is reportedly taking advantage of a provision in the JOBS Act, which allows companies with an annual revenue of less than $1 billion to file its IPO prospectus confidentially with the Securities and Exchange Commission. A Box spokesperson declined to comment on the possibility of an IPO.
“We don’t have anything to share at this time. We’re focused on continuing to build our business and expand our customer relationships globally,” a Box spokesman told Quartz in an emailed statement.
Box recently overhauled its iOS app [App Store] and boosted the capacity of its free storage plan for a limited time. Users who download the app between January 15 and February 15, 2014 will receive free 50 GB of online storage for the life of their accounts.