Another one of Silicon Valley's highly anticipated IPO issues is data storage company Box. The company had chosen the banks to assist in its planned IPO to be held in 2014. These banks are Credit Suisse, JPMorgan Chase & Co and Morgan Stanley. The decision was confirmed by three people familiar with the matter.
The same sources also confirmed that the start up's IPO may happen in the first half of 2014 and raise around USD500 million.
Box was established in 2005 by Aaron Levie, a University of Southern California drop-out with Dylan Smith, his childhood friend. It is an online storage company providing users with free storage but for additional space, the company charges the use.
The company is also one of the several high profile startups creating a buzz with their plans for their initial public offers. It comes right after Twitter Inc's market debut last Thursday, where the microblogging site was able to raise more than USD1.8 billion. Other highly anticipated startups taking the IPO route are Square, Uber and Pinterest.
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