History (1998): Box Hill Completes IPO

FC RAID specialist Box Hill Systems has completed its IPO at $15 a share, raising $60 million in capital.

Brokerage and investment banking firm Barber & Bronson forecasts its revenues will top $100 million for fiscal year ending December 31, 1998, up 46% in comparison with 1997.

This article is an abstract of news published on issue 120 on January 1998 from the former paper version of Computer Data Storage Newsletter.

Note: Box Hill acquired Artecon Inc. in 1999 to form Dot Hill Systems bought in 2015 by Seagate for $696 million.