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Backblaze ipo price
Backblaze ipo price












  • Computer backup: It backs up all new and changed data on laptops, desktops, and external hard drives.
  • Revenue in this business grew by 66% during the year ended December 31, 2020. First 10GB cost nothing, then $0.005/GB/month.
  • B2 Cloud Storage: It provides customers direct access to storage cloud to store, use, and protect data.
  • The firm’s opportunity in the mid-market alone for Public Cloud IaaS is expected to grow to $54.6 billion by 2025, representing a CAGR of 27%, and for DPaaS to $11.0 billion by 2025, representing a CAGR of 19%. Additionally, the WW market for DPaaS was $7.7 billion in 2020 and expected to reach $18.4 billion by 2025. According to IDC, the WW market for Public Cloud IaaS Storage was $27.6 billion in 2020 and is expected to grow to $91.0 billion by 2025. It serves both the Public Cloud IaaS storage and the Data-Protection-as-a-Service (DPaaS) markets. The firm raised $5 million in 2012, stakeholders including TMT Investments, Charles Jones and Kwok Hang Ng.

    backblaze ipo price

    HQ is in San Mateo, CA with two other leased data center facilities in Arizona and Amsterdam, the Netherlands. The start-up was incorporated in Delaware in April 2007, founded by 5 people including CEO Gleb Budman, 47 (total compensation of $410,105 as of December 31, 2020), CTO Brian Wilson, 54 ($410,105), and chief cloud officer Tim Nufire, 57. It climbed 24% in their debut on Nasdaq on last Thursday and another 12% on last Friday, lifting the price to $22.31 and giving the company a market cap of around $650 million for the public company now listed on under BLZE ticket. – that never reveals figures on its business – in a SEC filing (188 pages).īackblaze CEO Gleb Budman, center, celebrated first day of trading on NasdaqĦ,250,000 shares were sold at $16 per share for the $100 million IPO, in the middle of projected range of between $15 and $17 that gave company a valuation of $583 million. That includes what has Altimeter Growth ( NASDAQ: AGC) falling, what to know about Hedera Hashgraph (CCC: HBAR-USD), as well as the news sending Lordstown Motors ( NASDAQ: RIDE) stock higher.An IPO always obliges a company to reveal its financial results. InvestorPlace has all the latest stock news that traders need to know about today. InvestorPlace - Stock Market News, Stock Advice & Trading Tips There’s plenty more news worth diving into below! They are also all still together working at Backblaze. These co-founders had been working together for 20 years before creating Backblaze.ĭuring that time, they launched two other companies. The company was created by seven co-founders that built their own storage solutions. The company currently has about 500,000 customers across more than 175 countries. Users can also make use of the company’s services to host content, manage media, build apps, and more. Riley Securities are serving as the joint book-running managers for it.įinally, Lake Street is acting as the co-manager of the IPO.ħ F-Rated Stocks to Sell Before We Reach Christmasīackblaze is a cloud storage company that makes it easy for users to save their data.

    backblaze ipo price

    Oppenheimer & Co., William Blair and Raymond James are the lead book-running managers for the offering.

    backblaze ipo price backblaze ipo price

    Underwriters also have a 30-day option to purchase an additional 937,500 shares at the IPO price. This has Backblaze expecting gross proceeds of $100 million from the IPO. It’s also worth noting that the offering includes 6.25 million shares. It’s pricing these shares at $16 each, which is the midpoint of its previous range of $15 to $17 per share. Let’s jump into all the details traders need to know about the Backblaze IPO.įirst off, the company plans to list shares of BLZE stock on the Nasdaq Exchange. An image of a cloud imprinted on a circuit board lit up by blue circuit lights representing the backblaze IPO and stock.














    Backblaze ipo price