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Box jumps 66% in first big IPO of 2015 - Jan. 23, 2015

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Acquisition Database on Altus Pharmaceuticals - Acquisition Manual

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It uses cloud software to provide online storage services that cater to companies. It wanted to go public last year, but had to delay the offering due to market turbulence and questions about when it will gain profitability. Late Thursday Box priced its initial public offering at $14 per share. That means there's lots of demand for Box shares because the company anticipated going public at $11 to $13. The company likely benefited from investor euphoria over the European Central Bank's big stimulus plan announced earlier on Thursday. "They obviously had to wait a while to go public. That may have made them a bit more risk averse on pricing," said Greg Leffert, an analyst at Renaissance forex online Capital, which manages an IPO exchange-traded fund, or ETF. Why Google Drive won't kill my startup How will it turn a profit? The IPO values Box at about $1.6 billion -- even though it remains unprofitable. The deal raised $175 million, which is less the $250 million it hoped to raise last year.