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Box Seeks Valuation of as Much as $1.6 Billion in U.S. IPO

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Box Inc., the cloud-storage provider that first filed for an initial public offering last March, is proceeding with the share sale after several delays.

Box set the terms for its IPO today, indicating a valuation of as much as $1.6 billion. The company, led by 29-year-old Aaron Levie, is scheduled to price the offering on Jan. 22, according to data compiled by Bloomberg, after a roadshow to market the sale to investors and assess demand.