SOARING: Box Inc's shares rose as much as 77% in their market debut on Jan 23. Box offers 10GB of free online storage and charges fees for additional space.
Shares of online data storage provider Box Inc rose as much as 77% in their market debut as investors bet on the company's ability to turn profitable in a highly competitive market, boding well for another big year for IPOs.
Box's shares, which priced at US$14 (RM50.43), hit a high of US$24.72 (RM89.05) in morning trading on the New York Stock Exchange on Jan 23, valuing the company at nearly US$3bil (RM10.8bil).
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