Box wasn't a particularly successful IPO, nor was Square. Successful that they got to IPO, sure, but the IPOs themselves were not. (They might be successful p

Box wasn't a particularly successful IPO, nor was Square. Successful that they got to IPO, sure, but the IPOs themselves were not. (They might be successful products and companies in time; the IPO isn't the end, it's just a transition in the middle.) It's not unreasonable that employees didn't do well during those IPOs.