{"id":10445,"date":"2014-03-25T00:38:16","date_gmt":"2014-03-25T00:38:16","guid":{"rendered":"http:\/\/www.cloudcomputing-news.net\/news\/2014\/mar\/25\/aaron-levie-signs-chairmans-letter-go-cloud-box-prepares-ipo\/"},"modified":"2014-03-25T00:38:16","modified_gmt":"2014-03-25T00:38:16","slug":"aaron-levie-signs-off-chairmans-letter-go-cloud-as-box-prepares-for-ipo","status":"publish","type":"post","link":"https:\/\/icloud.pe\/blog\/aaron-levie-signs-off-chairmans-letter-go-cloud-as-box-prepares-for-ipo\/","title":{"rendered":"Aaron Levie signs off chairman\u2019s letter \u201cGo cloud!\u201d as Box prepares for IPO"},"content":{"rendered":"<p>You can&rsquo;t say it wasn&rsquo;t coming. Cloud storage provider Box has announced its public offering after a huge amount of rumour and conjecture, with the overall amount raised expected to hit around $250m.<\/p>\n<p>The company is looking to trade under the NYSE symbol &lsquo;BOX&rsquo; and confirms reports in January that the cloud storage bods had confidentially filed.<\/p>\n<p>The number of shares and their price wasn&rsquo;t disclosed in the official S-1 form on the US Securities and Exchange Commission (SEC) site, however the company&rsquo;s numbers were &ndash; and it doesn&rsquo;t make for pretty reading on first glance.<\/p>\n<p>As the company&rsquo;s revenues have gone up, so have its losses &#8211; $124.2m in revenue for the year ended January 31, combined with a loss of $169m. This compares with $58.8m revenue and $112.8m loss for the previous year, and $21.1m and $50.4m for 2011 &#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>You can&rsquo;t say it wasn&rsquo;t coming. Cloud storage provider Box has announced its public offering after a huge amount of rumour and conjecture, with the overall amount raised expected to hit around $250m.<br \/>\nThe company is looking to trade under th&#8230;<\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-10445","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/10445","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/comments?post=10445"}],"version-history":[{"count":0,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/10445\/revisions"}],"wp:attachment":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/media?parent=10445"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/categories?post=10445"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/tags?post=10445"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}