Box rides high on Wall Street’s warm welcome
Box made a splashy entrance on the New York Stock Exchange Friday, opening at $20.20 per share, or 44 percent higher than the price it had set for itself the night before.With 12.5 million shares for sale, the initial public offering raised some $175 million that Box can now use to invest in its business, and a market capitalization of $1.6 billion.By Friday afternoon, the stock—trading under the symbol “BOX”—had reached as high as $24.73 per share, or 77 percent above its IPO price.�
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