Box could well have launched itself onto public markets this month. But it has fought off that impulse as stocks for cloud companies have faltered in recent weeks. Instead, the cloud-based file-sharing company could end up making its debut on the New York Stock Exchange in June, according to a report today from the Wall Street Journal. Cloud software companies like Marketo, Netsuite, Salesforce.com, Workday, and Xero have tumbled lately.
Two Takes
View TECHi Stance
Online-storage startup Box postpones IPO
Online
View all Online Two Takes by TECHi
Read the original story
Published May 1, 2014
TECHi's Take
Investors’ love affair with cloud software companies is waning at the worst possible time for Box Inc. The online-storage startup is delaying its plans for an initial public offering after a sudden weakening in demand for technology stocks. Box’s March 24 IPO filing made it eligible to list shares as early as April, but people close to the company said the offering may not happen until June, and no timing has been set. A Box spokeswoman declined to comment, citing the IPO quiet period. Companies that sell online, or cloud, software to businesses, have been particularly hard hit in a U.S. stock-market gyration now into its second month. Investors were largely content to overlook strings of losses at sellers of corporate software, such as WorkdayInc., WDAY -0.31% used in human-resource departments, and instead focused on their fast-growing revenue. But cloud has shifted from a magic word to a dirty one for many investors.
NOTE: TECHi Two-Takes are the stories we have chosen from the web along with a little bit of our opinion in a paragraph. Please check the original story in the Source Button below.
Balanced Perspective
TECHi weighs both sides before reaching a conclusion.
TECHi’s editorial take above outlines the reasoning that supports this position.
More Two Takes from Wall Street Journal
Abridge's 93% valuation jump in four months tells us that something bigger than typical startup growth is cooking. It's a…
When it comes to respecting the privacy of its users and rejecting profligate government surveillance, few companies have as bad…
There was a time when Theranos was one of the most-promising startups in the world, but now it's having to…
Pressure-sensitive displays are practically essential for new flagships nowadays, so it's not at all surprising to hear that Samsung will…