Exclusive - Hot tech start-up Box picks banks for '14 IPO - sources


Data storage company Box, one of the most highly anticipated IPO candidates in Silicon Valley, has selected banks to lead a proposed initial public offering that could come in the first half of 2014, according to three people familiar with the matter.

The fast-growing technology start-up has selected Morgan Stanley, Credit Suisse and JPMorgan Chase & Co to lead the offering that could raise around $500 million, the people said.

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Representatives for Box, Morgan Stanley and Credit Suisse did not immediately respond to requests for comment. JPMorgan declined to comment.

Box is one of several high-profile start-ups gearing up for an IPO, on the heels of a successful debut by Twitter Inc on Thursday, which raised more than $1.8 billion for the microblogging company.

(Reporting by Nicola Leske and Olivia Oran in New York, Editing by Soyoung Kim and Gerald E. McCormick)