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As Box shares soar in IPO, CEO Aaron Levie explains why he left L.A.
As Box shares soar in IPO, CEO Aaron Levie explains why he left L.A.

USC gave Box Inc. Chief Executive Aaron Levie a spark, but it's Silicon Valley that's enjoying his success. On Friday, Box went public, issuing shares on the New York Stock Exchange to raise $175 million for the young company. Shares of Box, priced at $14 in the initial public offering, closed up 65.9% at $23.23, lifting the company's market capitalization to $2.8 billion. That's in the realm of tech companies such as food-ordering service GrubHub and game maker Zynga. Box — an online file storage and collaboration system aimed at business customers — began as a part-time project at Levie's apartment north of the USC campus in 2004. A year later,...

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