Box Inc can raise funds from the fund TPG Capital
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Company Box, an online service provider for remote data storage, is in talks to raise capital from the private management company TPG Capital. Three months ago, Box filed an application for IPO, but still have not identified the exact timing of going public. The Wall Street Journal, citing its sources reported today that negotiations between Box and TPG still at an early stage and agreement between the parties is not guaranteed. Note that the private investment company give Box expansion slot before the IPO and opportunities for continuing building IT capacity to meet customer needs.
Application of the IPO company Box filed March 24, but since then has not decided over time due to the placement ambiguous sitatsii the demand for the shares of IT companies. According to some reports the company's IPO could be delayed until the end of this year. latest round of funding the company held in December 2013 and then its market capitalization amounted to $ 2 billion. "As originally stated, our plan is to become public at the time, when the company is determined to be appropriate, "- said in the Box Inc.
Analysts said that from March to May this year, the U.S. stock market has held several successful IPO, in particular placement companies Zendesk and Arista Networks, but the overall pattern in the market was negative and most investors do not really ready to invest in big IPO. According to currently available information, the company Box just attracted about $ 400 million from a variety of investors, including Draper Fisher Jurvetson, General Atlantic, Bessemer Venture Partners and Salesforce.com Inc.
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