IPO Calendar 2014: These Two Tech Competitors Are Coming to Market

Update 3/25/2014:The Box, a cloud storage company, officially filed the S-1 for an initial public offering on Monday. The competitor of Dropbox is expected to raise $250 million, despite the fact that the company's losses continue to pile up. The company earned revenues of $124.2 million last year, but faced a net loss of $168.6 million. The year prior, it earned revenues of $58.8 million, with a net loss of $112.6 million. Invest at your own peril.  For daily stock market updates click here.

Email

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.

Title: IPO Calendar 2014 - Description: IPO Calendar 2014Headquartered 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…

Join the conversation. Click here to jump to comments…

  1. Eric | February 27, 2014

    I love DropBox and have used it for years both personally and in a business environment. The biggest challenge that they face is they provide a service that is easily replicated by any number of companies, including powerful ones like Google , Amazon and Microsoft. The services are a dime a dozen right now and they way I see it, there are two things that can set a company apart: 1) tight integration with multiple platforms and 2) lots of storage space. Dropbox is doing a great job on the integration front. But right now, they are getting pressure on the storage space issue. So right now I am making the switch to a product by Barracuda called Copy. They start you out with 20GB of space (more than I have on DropBox after years) and with referrals of 5GB a pop it can go up quickly from there.

Leave a Reply

Your email address will not be published. Required fields are marked *


seven − 6 =

Some HTML is OK

© 2014 Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201, Email: customerservice@MoneyMorning.com