Box files to go public on New York Stock Exchange

Aaron Levie is chief executive of billion-dollar, cloud-computing company Box, which he launched in a dorm room and today has more than 900 employees around the world.
Matthew Lloyd | Bloomberg | Getty Images

Online storage company Box filed Monday afternoon for $250 million public offering on the New York Stock Exchange.

The company's ticker symbol will be BOX. Morgan Stanley, Credit Suisse and JPMorgan are underwriting the deal.

The company, founded by 29-year-old Aaron Levie, has had more than $335 million in losses on $206 million in revenue since the beginning of calendar year 2011, according to the filing.

The company has operating expenses of $257 million, and has been burning through cash at a rate of $17.5 million a month.

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