Online Storage Provider ‘box’ Set For $14-per Share Ipo « Cbs San Francisco

The terms reached late Thursday topped a target range of $11 to $13 per share established last week. The pricing increase reflects strong demand for the 12.5 million shares sold in Box Inc.s initial public offering. A more revealing measure of the interest in the shares will come Friday morning when they begin trading on the New York Stock Exchange under the symbol BOX. Although it boasts 44,000 paying customers, Box has yet to turn a profit in its 10-year history. The IPO raised $175 million, helping to offset Boxs cumulative losses of $483 million. Copyright 2015 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.
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How to Start a Business With Very Little Money

Provided by The Wall Street Journal. With the cost of creating websites at all-time lows, matchmakers principal costs are those of getting suppliers on board and getting buyers to show up. Happily, neither of these is likely to require much cash, at least at the outset. Getting buyers is a matter of optimizing ones website so that the search engines find it, or using paid adwords on Google and other search engines. (And, with luck, customers will click on the matchmakers siteand start spending moneybefore the matchmaker has to pay for the ad.) Ramping up suppliers can be as straightforward as knocking on their doors. Todays matchmaker poster child is Airbnb. Brian Chesky and his co-founders put the site together in 2007 as a way to pay their rent, by offering up space in their own San Francisco apartment for local conference-goers. By narrowly focusing on events that were too big for the local hotel inventory, they built their business one step at a time until they landed a CNN interview at the Democratic National Convention in Denver in 2008. They won a spot in Y Combinator, and landed venture capital, allowing the fledgling business to ramp up its growth, and the rest is history: over 1 million listings in over 190 countries. But beware.
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