Box shock stock doc clocks 250 million bucks

Box has filed its hotly anticipated initial public offering (IPO) paperwork to the US Securities and Exchange Commission (SEC). The upstart's S-1 document was published this afternoon, US West Coast time, putting in motion its stock market debut. Box, which provides online file-sharing for businesses, wants to raise $250m from …

[Vince Lewis 1]

foreseeable future?

[Quote]"We have a history of cumulative losses, and we do not expect to be profitable for the foreseeable future," Box noted in its SEC filing. [/quote]

I admire their candour, but if they succeed in floating it just goes to show how fundimentally screwed up the whole system is.

For a long time Amazon opperated at a loss, but I don't think they thought they wouldn't make profit in the foreseeable future.

[John Smith 19]

So will that stop them issuing dividends?

Of course not.

Welcome to IPO's in the 21st century, where companies have no foreseeable possibility of turning a profit but will probably issue a dividend regardless.

[Fihart]

Sticks nix hick pix

Someone on the Reg is looking for a job opening in Hollywood on Variety Magazine.