Box, a cloud storage company founded by two high school grads, including CEO Aron Levie, told Bloomberg that it has delayed its long-awaited IPO until early 2015. It was due to go public in March, but around that time, tech stocks took a battering on Wall Street, and Levie wanted to wait to see how the Alibaba IPO would fare before deciding when to go public.
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Levie told Geekwire, “Our plan continues to be to go public when it makes sense for Box and the market. As always, investing in our customers, technology and future growth remains our top priority.” Box already has $150 million in capital raised, and there is no particular reason to rush a public offering.