Analysts and investors could be looking toward the enterprise space, typically a safer spot based on the market launches from the likes of Workday, among others.
Without a doubt, one company on the IPO watchlist is enterprise cloud services company Box, which has been steadily growing its services and customer base since launching in 2005.
The Los Altos, Calif.-based company had more than 180,000 companies signed on as customers to its cloud-based collaboration platform as of its third annual sales and developer summit, BoxWorks, back in September.
The international news agency reported, based on unnamed sources said to be close to the deal, that Box has already enlisted Morgan Stanley, Credit Suisse and JPMorgan Chase to lead the offering. The starting fundraising goal is said to be approximately $500 million -- a modest sum when compared to Twitter, a company that still hasn't proven to be profitable.
ZDNet reached out to Box for comment. A Box spokesperson replied, "We do not comment on rumors and speculation."
As MarketWatch already pointed out earlier today, Twitter shares are already slipping in line with a pattern that should now be familiar regarding new tech (especially social media) stocks. It's nothing to get bent out of shape over yet, but caution and patience would be valuable virtues in cases like these too.