Cloud file-sharing company Box is now publicly trading on the New York Stock Exchange (NYSE), debuting at $20.20 per share.
That translates into a nice pop for Box on its big day. Last night, the company predicted its long-delayed IPO would arrive on the NYSE at $14 a share after originally setting the price between $11 and $13 a share earlier this month.
Since making its initial appearance on the NYSE today under the symbol BOX, the stock has reached as high as $24.
A Box spokeswoman sent over a statement on the news from Box’s colorful chief executive, Aaron Levie:
We’re in the midst of a profound technology shift, as businesses of all sizes move their critical information and processes to the cloud. It’s an incredible time to be building an enterprise software company, and we couldn’t be more excited about Box’s future.
But that aside, there’s lots more coming up, both for Box itself and for its many competitors. So while today is significant, Levie really is right to point to the future, as the company continues to improve its finances.
Jordan Novet contributed to this story.
Box was founded on a simple, powerful idea: it should be easy for people to access, collaborate, and share all their content, wherever they are. Co-founders Aaron Levie and Dylan Smith, alon... All Box news »