Today marks Box’s first appearance on Wall Street as a public company. So far, the IPO is going well for the cloud storage company.
Box set the initial price for its 12.5 million shares at $14 each last night. Today stocks opened at $20.20, a 44 percent increase. Shares are currently trading at nearly $24 at the time of writing.
Box first filed for a $250 million IPO last March, but was delayed by relatively weak public interest; the company has been raising funds ever since to get the ball rolling.