Box was rumored to have filed to go public on January 31. On March 24, its S-1 dropped, showing the world quick revenue growth but stubborn and expanding losses.
Today the Wall Street Journal reports that Box could go public in June, far later than the market previously anticipated. Quartz, citing sources, reported today that Box could go public around May 26.
Why the delay? Both the Journal and Quartz cite a difficult market moment. Technology stocks that could be viewed as analogous to Box have taken a drubbing in the public markets. And other technology stocks that are based on less-similar businesses, but also bear the marks of investor optimism regarding potential future revenue growth, have seen their prices fall.
If they fall, Box’s IPO share pricing falls.
So, for Box to perhaps wait a few weeks in hopes of things swinging positive again is not a…
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