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Box IPO in the Works – How Does it Measure Up?

January 15, 2015

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Box IPO Preparations

Box, a prepackaged software company based in Los Altos, California, is looking to raise upwards of $186.9 million through its IPO. The Box IPO is expected to price shares between $11 and $13.

CEO Aaron Levie’s Ownership

Upon the offering, CEO Aaron Levie is expected to own 3.4% of the company, which is valued at $46,985,142 based upon the midpoint of $12. When compared with several other Silicon Valley CEOs that took their companies public in 2014, Mr. Levie’s ownership value is in line with Mikkel Svane of Zendesk and Thomas Chalberg, Jr. of Avalanche Biotechnologies, two IPOs larger in size than Box.

While both of their stocks have appreciated significantly in the wake of their IPOs, Mr. Svane and Mr. Chalberg, Jr. owned $36,533,394 and $41,981,062 at the time of their offerings, respectively. All three of these values trail the $1,358,411,904 Nick Woodman owned upon GoPro’s IPO in June of last year.

Read related IPO analysis here.