Box in talks to raise US$100m after it delays IPO

[NEW YORK] Box Inc, the cloud-storage provider that filed for an initial public offering (IPO) earlier this year, is in talks to raise about US$100 million at a valuation of at least US$2 billion, according to people familiar with the matter.

The Los Altos, California-based startup is holding discussions with investors including TPG Capital after delaying its IPO, said the people, amid a bumpy ride for technology companies in the stock market earlier this year. Raising new funds offers more flexibility for companies in the timing of when they go public. Box's talks are at an early stage and the terms of the financing may change, said the people.

"Our plan continues to be to go public when it makes the most sense for Box and the market," Ashley Mayer, a spokeswoman for Box, said on Friday. "As always, investing in our customers, technology, and future growth remains our top priority."