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Box IPO raises $175 mlnBox Inc. said late Thursday it raised $175 million when it priced 12.5 million shares at $14 each via joint book-runners Morgan Stanley & Co. LLC, Credit Suisse Securities (USA) LLC and J.P. Morgan Securities LLC. Underwriters on the deal have a 30-day option to buy an additional 1.875 million shares. Box will trade Friday on the NYSE under the ticker “BOX.” Box, the online storage company, is backed by venture capital firms including Draper Fisher Jurvetson, U.S. Venture Partners and Coatue Management.
- Data storage company Box expected to be valued at up to $1.55 billion: Reuters
Online data storage provider Box Inc expects its initial public offering of 12.5 million shares to be priced at $11-$13 per share, valuing the company at up to $1.55 billion, Reuters reported.
VC-backed Snapchat racks up $485.6 mln in Series D fundingVenice, Calif.-based Snapchat, a mobile photo-sharing service, kicks off the New Year by revealing it has raised $485.6 million in Series D funding.
- VC-backed car-sharing app Lyft announces new CMO and CFO
San Francisco-based car-sharing app Lyft has named Kira Wampler as chief marketing officer and promoted Brian Roberts to chief financial officer, the company announced in a blog post on its site. Previously, Wampler worked at Trulia where she served as CMO while Roberts is Lyft's former senior vice president of partnerships and corporate development. Lyft's backers include Andreessen Horowitz, Mayfield, Founders Fund, Coatue Management, Third Point Management and Alibaba. To read more about Lyft's new appointments, visit here //blog.lyft.com/posts/2014/12/4/lyft-welcomes-cmo-and-cfo-to-growing-executive-team
Hedge fund Coatue eyes more venture deals with second PE fundSources confirm the firm, which is an investor in Box, Lyft and Snapchat, is targeting $750 million
- TPG-backed Box to buy medical data startup MedXT
Box is acquiring medical data startup MedXT, the latter announced on its site. No financial terms were disclosed. Box is backed by TPG Growth and Coatue Management. To read the post, visit here https://www.medxt.com/
Biotech fever continues with latest IPOsBut venture-backed tech companies, especially online lenders, likely will dominate the IPO headlines for remainder of the year
- TPG Growth, Coatue Management invest $150 mln in Box
TPG Growth and Coatue Management have invested $150 million in data storage company Box. As part of the investment, TPG Growth will appoint a director to the Box board of directors. Terms of the deal were not disclosed. Morgan Stanley worked as financial advisor to Box.
peHUB Second OpinionIn Second Opinion, Tamara Mellon, co-founder of Jimmy Choo shoes, says sexual discrimination and inequality in private equity made her a feminist, Box raises another $150 mln in funding from TPG and Coatue, and Uber cuts the price of UberX rides in NYC by 20%.
California legislators may flatten tires of Uber, Lyft(Reuters) - Bills that would make it more complicated and expensive for ridesharing companies such as Uber and Lyft to do business in California passed a state Senate committee on Tuesday.