After filing with the SEC back in March, online data storage company Box has updated its IPO registration documents and begun its roadshow. When it lists on the NYSE later this month, the company is expected to sell 14.4 million shares for between $11 and $13, with the opportunity to raise upwards of $180 million. An IPO in that range would value Box at $1.5 billion, below what it had reportedly raised money at in the private markets, from investors like TPG and Coatue Management. Aside from increased competition in online storage from Google and Microsoft, the company has also struggled to rein in sales and marketing costs. It currently spends 98 cents for every dollar of revenue on such efforts, posting an overall loss of $45.4 million last quarter.
Inovalon Holdings, a healthcare data analytics provider based out of Bowie, Maryland, has filed for an IPO. The company expects the offering could raise as much as $500 million. Goldman Sachs will serve as lead underwriter.
Facebook announced two acquisitions this week for undisclosed amounts. The first was Wit.ai, a Palo Alto, Calif.-based natural language processing company incubated at Y Combinator and backed by Andreessen Horowitz. “We’ve been building an open, distributed, community-based platform that makes it easy for developers to build apps that users can talk to,” read a statement on the Wit.ai company blog, before adding, “Facebook’s mission is to connect everyone and build amazing experiences for the over 1.3 billion people on the platform — technology that understands natural language is a big part of that, and we think we can help.”
The second, announced Thursday, was for QuickFire Networks, a joint hardware and software platform that reduces video file sizes, allowing for faster processing and higher image resolution. The San Diego-based team will wind down the service and move entirely over to Facebook, according to QuickFire CEO Craig Lee.
CommonFloor, an Indian online real estate search platform, has acquired Bakfy, another Indian company whose closest American comparison is Yik Yak, the anonymous message board popular on college campuses. Bakfy will be shut down after the acquisition, while the team’s expertise will be used as CommonFloor seeks to build out its mobile and social capabilities. CommonFloor has raised nearly $50 million from Tiger Global Management and Accel Partners since being founded in 2007.
Right before Christmas, Oracle announced its acquisition of Datalogix, a data-driven marketing platform that extracts consumer insights from social media activity. Datalogix works specifically with companies in industries like Auto (Ford) and Food & Bev (Kraft) that are still dominated by offline spending. Terms of the acquisition were not announced, but what is known is that Datalogix had raised $86.5 million in VC funding since being founded in 2009. For Oracle, it marked its second acquisition of a data marketing platform in less than a year, as it acquired Cupertino, Calif.-based BlueKai in February.