Box Reaches Lowest Prices Yet, Falls Below $12

One of the most high-profile technology IPOs of the year plunged to its lowest prices on the public markets Monday, as cloud software firm Box Inc. sold for less than $12 in an early rout on Wall Street. The collaboration-software company went public for $14 a share in January and had never traded lower than that price until reaching as low as $13.70 in August. Monday morning, the stock opened at $12.94 and fell lower than $12 in the first half-hour of trading.