Data storage startup Box nears IPO dream

September 28
6:35 PM 2013

Online storage startup Box Inc would be nearing the fulfillment of its dream of making the company public. Box Inc was was estimated to dominate the cloud storage market, of which the latter is valued at over USD7 billion year per year.

In an annual BoxWorks conference in San Francisco, Levie disclosed to a packed audience that an initial public offering would be the most natural step the company would be taking on his path. "We've been given a shot to build a company that can hopefully define a whole new category of technology," Levie said. He did not disclose any other details about the IPO, but Box has yet to file the necessary paperwork. 

The Los Altos-based startup was started by Aaron Levie and Dylan Smith. With a USD20,000 seed funding they won in online poker, Levie and Dylan had built the company to an in-demand service that is currently worth over USD1 billion. Constellation Research analyst R. "Ray" Wang said, "There aren't a lot of people Aaron's age who are actually passionate about the enterprise -- even though that's where the money is." 

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