Deals
Box Said to Discuss Raising $100 Million After IPO Delay
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Box Inc., the cloud-storage provider that filed for an initial public offering earlier this year, is in talks to raise about $100 million at a valuation of at least $2 billion, according to people familiar with the matter.
The Los Altos, California-based startup is holding discussions with investors including TPG Capital after delaying its IPO, said the people, amid a bumpy ride for technology companies in the stock market earlier this year. Raising new funds offers more flexibility for companies in the timing of when they go public. Box’s talks are at an early stage and the terms of the financing may change, said the people, who asked not to be identified because the conversations are private.