![]() We are incredibly grateful to our customers and as part of our proposed IPO, we plan to offer a Directed Share Program (DSP), which allows us to. (Backblaze) publicly filed with the Securities & Exchange Commission in anticipation of a potential initial public offering (IPO). Seeking Alpha’s Donovan Jones lays out a bullish thesis for the stock here. I got an email from them: 'On October 18, 2021, Backblaze, Inc.BLZE also gave underwriters the option to buy 937,500 extra Class. BLZE’s pre-IPO investors include London-listed financial firm TMT Investments, which owns about 25% of the company. Backblaze last week raised 100M selling roughly 6.3M Class A shares at the midpoint of the IPO’s expected 15-17/share range.The New York Times’ Wirecutter review site recently lauded BLZE as “the easiest to use and the best cloud backup service for most people.”.The company’s subscription-based products compete with larger rivals like the S3 service from Amazon (NASDAQ: AMZN), Azure from Microsoft (NASDAQ: MSFT) and Google Cloud from Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL). BLZE offers cloud-based computer storage and backup services to both businesses and consumers. ![]() Thursday’s rally boosted that up to about $582.5M. Introduction Backblaze Thursday 100m IPO 650mnovetcnbc, a cloud storage company, announced its plan to go public on Thursday with an Backblaze Thursday 100m IPO 650mnovetcnbc - Tech New Master Backblaze Thursday 100m IPO 650mnovetcnbc announces Thursday 100 million dollar IPO with a 650 million dollar valuation, as reported by CNBC. Assuming both carry the same price, that valued the company at about $468M on a non-diluted basis as of its IPO. ![]() Backblaze ( BLZE) will have a total of about 29.3M Class A and B shares outstanding going forward.one vote for Class A shares, giving insiders about 97% of BLZE’s voting power. The company also has Class B shares for executives and pre-IPO investors.initial public offering (IPO) on Monday, cashing in on growing demand for cloud computing from businesses expanding their digital offerings. BLZE also granted underwriters the option to buy 937,500 extra Class A shares for overallotments. Cloud storage provider Backblaze Inc filed for a U.S. The firm’s initial public offering raised $100M by selling some 6.3M Class A shares at the midpoint of their expected $15-$17/share range.Shares later pulled back, but still ended the day ahead 24.4% at $19.90. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |