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Shares of Box up 66% at US$23.23 in trading debut

The cloud storage company is now valued at US$2.7b, above the US$2.4b valuation it received in a July private-funding round

New York

BOX Inc jumped in its trading debut after raising US$175 million in its initial public offering.

The shares rose 66 per cent to US$23.23 at the close in New York on Friday, after being priced at US$14 in the IPO. At that price, Box is valued at about US$2.7 billion, above