Enterprise cloud storage company Box has filed for a $250 million IPO, planning to list on the NYSE under the symbol BOX. There had been much speculation about the company going public, in large part because it has recently raised enormous funding rounds. In August 2012, Box secured a $150 million Series E investment led by General Atlantic (8.4% pre-IPO stake) at a $1.37 billion valuation, and then in December 2012 landed a $100 million deal that garnered a valuation of $2.48 billion. All in all, Box has amassed nearly $380 million of VC funding.
Draper Fisher Jurvetson was one of Box's first investors and holds a chunky 25.5% stake in the company; the second largest stake is owned by U.S. Venture Partners (13%). Other backers include Scale Venture Partners (7.4%), Bessemer Venture Partners (5.6%) and Meritech Capital Partners (5.1%), among many others. With 34,000 paying organizations and 25 million registered users, Box posted revenue for the year ended January 31, 2014 of $124 million (up 11% from the previous year); the company recorded a net loss of $169 million last year, compared to $112 million the year prior.