- Cloud backblaze friday ipo 650mnovetcnbc for free#
- Cloud backblaze friday ipo 650mnovetcnbc archive#
- Cloud backblaze friday ipo 650mnovetcnbc registration#
- Cloud backblaze friday ipo 650mnovetcnbc software#
With nearly two exabytes of data storage under management, the company currently works with close to 500,000 customers in over 175 countries.
Cloud backblaze friday ipo 650mnovetcnbc archive#
The Backblaze Storage Cloud provides a foundation for businesses, developers, IT professionals, and individuals to store, back up and archive data, host content, manage media, build their applications, and more.
Cloud backblaze friday ipo 650mnovetcnbc registration#
This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.Ībout Backblaze: Backblaze makes it astonishingly easy to store, use, and protect data. Petersburg, FL 33716, email: telephone: 80. Attention: Prospectus Department, 150 North Riverside Plaza, Chicago, IL 60606, or by telephone at (800) 621-0687 or by email at or Raymond James & Associates, Inc., 880 Carillon Parkway, St. Inc., Attention: Syndicate Prospectus Department, 85 Broad St., 26th Floor, New York, NY 10004, by telephone at (212) 667-8055, or by email at William Blair & Company, L.L.C. Alternatively, copies of the prospectus related to the offering may be obtained, when available, from Oppenheimer & Co.
Cloud backblaze friday ipo 650mnovetcnbc for free#
You may get these documents for free by visiting the SEC website at. Cloud backup service Backblaze climbed 24 in its Nasdaq debut on Thursday and 12 on Friday, after raising 100M in its IPO, giving it a market cap of 650M - Backblaze went public this week after generating just 16 million in revenue in the second quarter. The offering is being made only by means of a prospectus. Riley Securities acting as joint book-running managers, and Lake Street acting as the co-manager for the offering.Ī registration statement relating to this offering was declared effective by the Securities and Exchange Commission on November 10, 2021. Oppenheimer & Co., William Blair and Raymond James are acting as lead book-running managers for the offering, with JMP Securities and B. It has since expanded into cloud storage, with over half a million. We are a leading storage cloud platform, providing businesses and consumers cloud services to store, use, and protect their data in an easy and affordable manner. Below are some of the highlights and learnings from their prospectus.
Cloud backblaze friday ipo 650mnovetcnbc software#
San Mateo, California-based Backblaze, led by co-founder Gleb Budman, started in 2007 selling backup software to consumers and companies. BackBlaze is a software company that went public in 2021. In addition, the underwriters of the initial public offering have a 30-day option to purchase up to an additional 937,500 shares of Class A common stock from the Company at the initial public offering price, less underwriting discounts and commissions.īackblaze's Class A common stock is expected to begin trading on the Nasdaq Global Market on Novemunder the ticker symbol "BLZE." The offering is expected to close on November 15, 2021, subject to the satisfaction of customary closing conditions. Reuters reported in November that Backblaze was seeking to hire investment banks for a 2021 IPO that could value it at around 1 billion. ("Backblaze"), a leading storage cloud platform, announced the pricing of its initial public offering of 6,250,000 shares of its Class A common stock at a price to the public of $16.00 per share, for gross proceeds to Backblaze of $100,000,000, before underwriting discounts, commissions, and offering expenses payable by Backblaze. The company will list its stock on the Nasdaq under the symbol “BLZE,” according to a filing. Oppenheimer & Co, William Blair and Raymond James are the lead underwriters on Backblaze’s offering. In the cloud storage space, it competes with the likes of Inc’s Amazon Web Services, although Backblaze targets smaller companies.Īccording to a report -Impact-of-COVID-19-on-the-Market- by Research and Markets, the global market for cloud computing services is projected to reach a revised size of $937.5 billion by 2027, growing at a compound annual rate of 17% over the seven years since 2020. Reuters reported in November that Backblaze was seeking to hire investment banks for a 2021 IPO that could value it at around 1 billion. The next issue of Financial Post Top Stories will soon be in your inbox. If you don't see it, please check your junk folder.
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