![]() ![]() Seeking Alpha contributor The Value Investor does a deep dive into BLZE here.Shares have risen 10% to 20% or more in each the company’s first four sessions. The company is selling 6,250,000 shares of Class A common stock to the public with an initial price between 15 to 17 per share, according to a blog post from Backblaze. BLZE saw its stock rally 24.4% in its first session to close at $19.90, and the stock’s price has only stoked higher from there. Backblaze filed its IPO Tuesday, debuting the cloud storage and backup vendor to the market after 14 years in operation. However, sparks flew for the stock from its first trading day last Thursday. Cloud backup and storage service Backblaze debuted on the Nasdaq exchange Thursday, priced at 16 per share and popping 24.38 by the end of the day.The company sold 6.3M Class A shares last week at the midpoint of its IPO’s expected $15-$17/share range. BLZE offers consumers and businesses subscriptions for cloud-based computer storage and backup.Reuters cited unnamed sources who said that the. Why should you use a cloud computing service February 21, 2023. 'I actually hope us showing this is possible for a mid-market company opens the path for more companies to do this,' Budman said. 'It used to be that other companies went public at other sized scales. The company has a market cap of 650M in the micro-cap segment. 0 Comments I think people have been scared of it and so waited longer and longer. The stock has been on fire on no apparent news other than enthusiasm for its IPO. reportedly is lining up banks for an IPO next year that could value it at about 1 billion. Backblaze got 100 million in funding, with its shares rising by 24 afterward. Backblaze, a major player in cloud storage, makes headlines with its 100M IPO on Thursday-Friday, marking a significant milestone. Backblaze, a major player in cloud storage, makes headlines with its 100M IPO on Thursday-Friday, marking a significant milestone. Founded in 2007 by Gleb Budman and Brian Wilson. Backblaze ( BLZE) has risen in all four of its trading sessions since going public last week. Backblaze is a leading provider of cloud storage and backup services.That’s up 6.4% in after-hours trading and 109.3% from the stock’s initial public offering price. If you have questions on the offering, please contact a Backblaze Inc. Directed Share Program representative at 80. BLZE ended the day at a session high $31.50 and kept rising after hours, changing hands at $33.50 shortly before 6 p.m. Backblaze (NASDAQ: BLZE) fired up investors for the fourth straight session on Tuesday, with the cloud-storage firm’s stock rising 23.5 on the day and closing almost 100 above a 16 IPO price set just last Thursday.Backblaze (NASDAQ: BLZE) fired up investors for the fourth straight session on Tuesday, with the cloud-storage firm’s stock rising 23.5% on the day and closing almost 100% above a $16 IPO price set just last Thursday.Oct 18 (Reuters) - Cloud storage provider Backblaze Inc filed for a U.S. initial public offering (IPO) on Monday, cashing in on growing demand for cloud computing from businesses expanding their digital offerings during the COVID-19 pandemic. Reuters reported in November that Backblaze was seeking to hire investment banks for a 2021 IPO that could value it at around $1 billion. San Mateo, California-based Backblaze, led by co-founder Gleb Budman, started in 2007 selling backup software to consumers and companies. #CLOUD BACKBLAZE NASDAQ IPO 650MNOVETCNBC SOFTWARE# It has since expanded into cloud storage, with over half a million overall customers across more than 175 countries. ![]() ![]() Backblaze filed its IPO Tuesday, debuting the cloud storage and backup. In the cloud storage space, it competes with the likes of Inc's (AMZN.O) Amazon Web Services, although Backblaze targets smaller companies.Īccording to a report 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. (NASDAQ:BLZE - Get Rating) major shareholder Kwok Hang Ng sold 2,000 shares of. Oppenheimer & Co, William Blair and Raymond James are the lead underwriters on Backblaze's offering. Reporting by Noor Zainab Hussain in Bengaluru Editing by Devika Syamnath The company will list its stock on the Nasdaq under the symbol "BLZE", according to a filing. This trend was highlighted on Thursday, when Backblaze, a leader in cloud storage solutions, announced it had received a major investment from NASDAQ. Kanye West Joined By Marilyn Manson and Justin Bie.Kim Kardashian & Pete Davidson Spark Romance Rumor.Our Standards: The Thomson Reuters Trust Principles.Ĭloud storage provider Backblaze files for U.S. #CLOUD BACKBLAZE NASDAQ IPO 650MNOVETCNBC SOFTWARE#. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |