The Traderszone Network

Published in TZ Latest News 23 January, 2015 by The TZ Newswire Staff

Online data storage provider Box’s shares soar in debut

Box’s shares, which priced at $14, hit a high of $24.72 in morning trading on the New York Stock Exchange on Friday, valuing the company at nearly $3 billion. The stock’s enthusiastic reception also underscored healthy investor appetite for technology stocks after the blockbuster debut of Chinese e-commerce giant Alibaba Group Holding Ltd (BABA.N) in September. Box was founded in 2005 by University of Southern California dropout Aaron Levie, the chief executive, and his friend Dylan Smith, the chief financial officer.

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