Cloud file sharing company Box really is going public after all.
Following VentureBeat’s report last night that a Box IPO was imminent after months of delays, the company today filed a new document with the U.S. Securities and Exchange Commission specifying a $11-13 million price range for as many as 14.3 million shares of stock. That translates into a valuation as high as $1.5 billion.
The underwriters for the IPO are Morgan Stanley, Credit Suisse,, J.P. Morgan, BMO Capital Markets, Canaccord Genuity, Pacific Crest Securities, Raymond James & Associates, and Wells Fargo, according to the filing.
In the past few quarters Box has been increasing revenues and cutting losses. And the company is also now able to ride on the success of technology IPOs for New Relic and Hortonworks, among others.
The company started in 2005 and is based in Los Altos, Calif. In the past couple of years, Box has been making efforts to provide technology with relevance for specific industries, like health care and education. And Box has sought to land more big accounts with help from partners like Accenture.
Meanwhile, Dropbox, another cloud file sharing company, could be in a position to go public this year as well.