The 2014 IPO calendar has been full, with 51 companies already filing for initial public offerings, up 143% from the same time frame in 2013.
And these two similar tech IPOs have just joined the IPO must-watch list.
They are both file-hosting services that offer customers cloud computing, they are both based in California, and they both share half a name. Now they're both planning to go public in 2014.
Meet Box Inc. and Dropbox Inc.
IPO Calendar Update: Box and Dropbox
Box is a file sharing and cloud content management company that focuses primarily on businesses. It offers secure file sharing, project collaboration tools, and encryption methods specifically designed for its enterprise customers.
Box offers its customers up to 50 GB of free storage and charges monthly fees of $5, $15, and $35 for additional storage and premium services. Some of Box's largest clients include Procter & Gamble Co. (NYSE: PG) and Pandora Media Inc. (NYSE: P).
Ahead of its IPO, the Los Altos, Calif., based company has been trying to enter the "big data" market alongside companies like Salesforce.com Inc. (NYSE: CRM). It would be a large switch for Box, but it would help separate it from its biggest competitor Dropbox.
Headquartered in San Francisco, Dropbox is a file hosting service that also offers its clients cloud storage, file synchronization, and client software.
Unlike Box, Dropbox focuses mainly on individual consumers. It boasts more than 200 million users, but many of those users do not pay for the service.
Dropbox also offers a small amount of free storage to customers and encourages them to pay $9.99 a month for 100 GB of storage or $15 a month for unlimited storage for up to five team members.
But it's not just everyday consumers who use Dropbox, as the company claims that four million businesses utilize its services. Some of the more notable companies include Under Armour Inc. (NYSE: UA), National Geographic, and Spotify.
While the companies offer many of the same services and are direct competitors, their IPOs may be very different…