Box opens up after demand pours in

摘要

Cloud content management and storage company box went to extra lengths last week to ensure its US$175m IPO provided a windfall for investors, securing an eleventh-hour cornerstone commitment from a major existing backer before pricing the deal amid overwhelming demand for the shares. In the first US tech IPO of 2015, Box priced 12.5m shares, representing 10.5% of the outstanding, at US$14, or US$1 above the top end of the US$11-$13 marketing range. Morgan Stanley, Credit Suisse and JP Morgan acted as lead books.