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The recent downturn in tech stocks has apparently complicated at least one upcoming IPO: Box's.
The cloud storage service has delayed its IPO in an attempt to wait for market conditions to improve, according to multiple reportsQuartz first reported Thursday that the IPO would likely take place at the end of May; The Wall Street Journal and Bloomberg report that it may not come until June or later.
Box did not immediately respond to our request for comment.
Box filed paperwork for a $250 million public offering in late March, and reportedly planned to go public as early as April. As Mashable previously reported, Box has been prepping for life as a public company for well over a year Read more...
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