Why Is Box Taking So Long To Pull The IPO Trigger?



On March 24th, Box filed for its long-awaited IPO and went into the dreaded quiet period. It’s been over six months now since Box filed its S-1 form, signaling it would look for $250 million in its public offering. Prior to the announcement, Box was one of the hottest startups in technology, but after months of delay, with its IPO still sitting on the table, it is fair to wonder what the company is waiting for, and why it hasn’t pulled the trigger.

While mired in its standard quiet period, Box has been unable to defend itself, as the Silicon Valley skeptics have come out of the woodwork.

It didn’t help that the numbers in Box’s S-1 filing showed lots of growth, but also tectonic losses. Box’s full fiscal 2013 earned revenue of $124 million, a large number to be sure. But the company had GAAP losses that were greater: $168 million in the fiscal period. In its recently…

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