Box could raise $100M from private investors ahead of IPO, Re/code says Re/code reports that Box could raise $100M or more from private investors like TPG ahead of its planned IPO, now expected in July or August. Any new private funding is not expected to have an immediate effect on Box's IPO plans, though the IPO may be pushed back by a few weeks. Reference Link
Box December volatility elevated into Q3 and outlook Box December call option implied volatility is at 71, January is at 61; compared to its 52-week range of 40 to 95, suggesting large price movement into the expected release of Q3 results on December 2.
On The Fly: Analyst Upgrade Summary Today's noteworthy upgrades include: Avon Products (AVP) upgraded to Buy from Neutral at Citi... Box (BOX) upgraded to Buy from Neutral at BofA/Merrill... Daimler AG (DDAIF) upgraded to Buy from Neutral at UBS... Emerge Energy (EMES) upgraded on amended credit deal at Stifel... Fairmount Santrol (FMSA) upgraded to Hold from Underperform at Jefferies... IAMGOLD (IAG) upgraded to Hold from Reduce at HSBC... Kinross Gold (KGC) upgraded on acquisitions at RBC Capital... Lowe's (LOW) upgraded to Overweight from Neutral at Atlantic Equities... Nimble Storage (NMBL) upgraded on valuation at DA Davidson... Resolute Energy (REN) upgraded to Equalweight from Underweight at Capital One... Schnitzer Steel (SCHN) upgraded to Equal Weight from Underweight at Morgan Stanley... Webster Financial (WBS) upgraded to Overweight from Neutral at JPMorgan.