This article was published on January 23, 2015

Box makes its Wall Street debut at over $20 per share


Box makes its Wall Street debut at over $20 per share
Napier Lopez
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Napier Lopez

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Napier Lopez is a writer based in New York City. He's interested in all things tech, science, and photography related, and likes to yo-yo in Napier Lopez is a writer based in New York City. He's interested in all things tech, science, and photography related, and likes to yo-yo in his free time. Follow him on Twitter.

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.