Spotlight: Report: Box's Levie says don't expect IPO this year

Focusing on global expansion
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In a report on Bloomberg last week, Box CEO Aaron Levie told the business publisher not to expect a Box IPO before 2014, calling 2013 a long shot at best. For now, still flush with venture capital investment cash, Levie said the company would concentrate on global expansion, with an emphasis on Australia and Brazil--along with other overseas markets. Levie added that he hopes to grow the number of employees from the current 670 to a total of 1,000 worldwide this year. For more information, see the Bloomberg article.