It's been a steady downslide in the days since however, though it is still trading well above the offering price, at $18.24 in Wednesday morning trading. Coatue clearly feels strongly in the company, which boasts 32 million users, and whose revenue rose 80% to $153.8 million during the first three quarters of 2014, though its bottom line (a net loss of $121.5 million) was hardly affected by the leap in revenue. Despite rising revenue, there is still some skepticism about whether Box Inc (NYSE:BOX) and even its larger rival, Dropbox (which is also planning to go public later this year), can adequately compete with Google Inc (NASDAQ: GOOGL )'s Drive, and Microsoft Corporation (NASDAQ: MSFT )'s OneDrive, which have integrated services and don't need to turn profits from their cloud services alone, allowing them to offer greater dollar value in most cases than the smaller, cloud-focused companies.