Box is poised to go public as soon as next year, following in the footsteps of other recent and successful Wall Street debuts for enterprise software companies.
The company's co-founder and CEO Aaron Levie told Bloomberg in an interview that Box is aiming to declare an initial public offering in 2014. He hinted that 2013 was still a possibility, but he described it as a "long shot."
Levie added that Box will "have to go public" as company leaders have no intention to be acquired by a larger competitor, perhaps such as Google or even Microsoft.
Expectations for Box could be high given that enterprise tech brands have done fairly well with their IPOs over the last year. The most notable example is arguably Workday,on the New York Stock Exchange in October.
The Software-as-a-Service provider debuted at $28 per share -- $50.95 per share.-- to close out . Today, the closing price was still holding steady at
But on the contrary, debuts by more consumer-targeted brands like Facebook and Zynga were far less pleasant.
Another IPO announcement that many analysts are likely waiting to hear more about would be from one of Box's major competitors in the cloud storage space: Dropbox.
That would be an especially interesting development to watch considering that Dropbox is more consumer-focused, but it does serve a number of businesses as well.