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Box, an Online Storage Start-Up, Is Said to File for an I.P.O.


Box, an online storage and document-sharing provider, has filed confidential paperwork to go public, a person briefed on the matter said on Thursday.

The company has picked Morgan Stanley, Credit Suisse and JPMorgan Chase as its top underwriters and is aiming to hold its initial public offering in the second quarter, this person added.

Other specifics of the offering, including the size of the planned stock sale, have not yet been determined.

The company was able to file its I.P.O. paperwork confidentially because of the Jump-start Our Business Start-ups Act, known as the JOBS Act, a law meant to make it easier for companies to go public. Among those that have used the confidential filing provision was Twitter.

A spokeswoman for Box wasn’t immediately available for comment.

Founded seven years ago, Box has become one of Silicon Valley’s darlings. Executives have dropped hints that the company was seeking to go public this year, in what would be one of 2014’s most highly anticipated I.P.O.’s.

News of Box’s filing was reported earlier by Quartz.