Box Announces Pricing of IPO

Box, Inc. announced the pricing of its IPO of 12,500,000 shares of its Class A common stock at a price to the public of $14.00 per share.

In addition, it has granted the underwriters a 30-day option to purchase up to an additional 1,875,000 shares of Class A common stock to cover over-allotments, if any.

The shares are expected to begin trading on the New York Stock Exchange on January 23, 2015 under the symbol ‘BOX.‘

Morgan Stanley & Co. LLC, Credit Suisse Securities (USA) LLC and J.P. Morgan Securities LLC are acting as joint book-running managers for the offering, BMO Capital Markets Corp. is acting as lead manager, and Canaccord Genuity Inc., Pacific Crest Securities LLC, Raymond James & Associates, Inc. and Wells Fargo Securities, LLC are acting as co-managers.

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