IPO Profile: Box Inc

Company Details

Los Altos, Calif.

650-329-1210

www.box.com

Description: Box Inc, also known as Box.net, is an online file sharing and collaboration company. It provides a content sharing platform that enables users to share, access, and manage content in the cloud. Its content sharing platform can be securely shared accessed on the Web, through iOS, Android and Windows Phone applications, and also on applications, such as Google Apps, NetSuite and Salesforce. The company also offers services, such as consolidated file services, secure enterprise mobility, cloud content management, security and architecture, and professional services.

IPO Details

Exchange and Ticker: NYSE: BOX

Filing Range: 12.50 million shares @ $11.00 to $13.00

Offering Price: $14.00

Close Price as of 1/26/15: $21.00

Offering Size: $175 million

Shares Outstanding: 116.4 million

Underwriters: Morgan Stanley & Co, Credit Suisse Securities (USA), JP Morgan

Co-managers: BMO Capital Markets, Canaccord Genuity, Pacific Crest Securities Inc, Wells Fargo Securities LLC, Raymond James & Associates Inc

Company Counsel: Wilson Sonsini Goodrich & Rosati

Manager Counsel: Goodwin Procter LLP

Auditor: Ernst & Young LLP

Market Capitalization on 01/30/15: $2.19 billion

Close Price on 1/30/15: $18.81

Investment Details

Venture Backers:

• TPG Growth LLC
• DFJ, Bessemer Venture Partners
• Sapphire Ventures LLC
• The Social+Capital Partnership
• Scale Venture Partners
• General Atlantic LLC
• U.S. Venture Partners
• New Enterprise Associates
• Andreessen Horowitz
• Itochu Technology Inc
• Mail.Ru Group Ltd
• Emergence Capital Partners
• Meritech Capital Partners
• Hercules Technology Growth Capital Inc
• Undisclosed firms

Financing Rounds:

• 8/3/06 $1.5M
• 1/23/08 $6M
• 4/17/09 $5.1M
• 8/31/09 $2M
• 3/31/10 $15M
• 6/30/10 $3.4M
• 2/24/11 $38M
• 8/12/11 $18.7M
• 10/5/11 $62.3M
• 7/31/12 $125M
• 10/30/12 n/a
• 1/29/13 $25M
• 12/6/13 $100M
• 7/17/14 $158M
• 11/17/14 $3.8M

Source: Data provided by Thomson Reuters.