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MS Morgan Stanley

100.52
1.14 (1.15%)
16 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Morgan Stanley NYSE:MS NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  1.14 1.15% 100.52 100.98 99.96 99.96 6,933,979 01:00:00

Box Inc. IPO Prices at $14 a Share, Above Expectations

23/01/2015 12:40am

Dow Jones News


Morgan Stanley (NYSE:MS)
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From May 2019 to May 2024

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By Corrie Driebusch 

Online-storage company Box Inc. priced its initial public offering at $14 apiece late Thursday, above expectations, according to a person familiar with the offering.

The deal raised $175 million by selling 12.5 million shares, according to the person. The company had been looking to sell 12.5 million shares in the range of $11 to $13 a share, according to a regulatory filing.

Box's IPO comes roughly 10 months after it publicly filed for an IPO. Those plans were postponed amid a drop in demand for technology stocks, and in the ensuing months it turned to the private market to raise additional funding.

Box plans to start trading Friday on the New York Stock Exchange under the ticker "BOX".

The deal is being led by Morgan Stanley, Credit Suisse and J.P. Morgan.

Write to Corrie Driebusch at corrie.driebusch@wsj.com

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