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Box Opens at $20.20, IPO at $14.00

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Box Business Has Been Misunderstood: CEO Levie

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Box Inc. jumped in its trading debut after raising $175 million in its initial public offering.

The shares rose 66 percent to $23.23 at the close in New York, after being priced at $14 in the IPO. At that price, Box is valued at about $2.7 billion, above the $2.4 billion valuation it received in a July private-funding round.