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1. #Cloud backblaze nasdaq thursday friday ipo registration#
2. #Cloud backblaze nasdaq thursday friday ipo software#

Backblaze IPO 2021: Price, Dates, and All You Need to Know. Backblaze raised just 100 million in its offering, less than one-twentieth the amount raised this year by companies including GlobalFoundries, Robinhood and Bumble.

#Cloud backblaze nasdaq thursday friday ipo software#

Backblaze is the developer of cloud storage and computer backup software for. market for IPOs has been on a tear in 2020, fueled by a buoyant stock market, with more than $65 billion sold in stock, up almost 40% from the total for all of 2019. Backblaze, with an expected public market valuation of approximately 500 million, will go public November 17, 2021. The global market for cloud storage services is expected to grow from $50.1 billion this year to $137.3 billion by 2025, according to market research firm MarketsandMarkets. Storage cloud platform, Backblaze (NASDAQ:BLZE) has priced its initial public offering of 6.25M shares of its Class A common stock at 16. The IPO plan coincides with the COVID-19 pandemic driving more businesses to operate digitally and rely on cloud computing for more of their workflow. Library of Congress, according to a 2011 McKinsey study. One of Backblaze’s competitors is Amazon, the world’s fourth most valuable U.S. In its S-1, Backblaze said it has about 500,000 customers worldwide and about 65 million in. By the standards of its peers, Backblaze is a micro-cap. Backblaze said it intends to list on the Nasdaq Global Market under the ticker symbol BLZE. The underwriters for the IPO are Morgan Stanley, Goldman Sachs, and J.P. The Backblaze IPO will occur on Thursday and Friday, March 16th and 17th, 2023, respectively. The company aims to raise 100 million through the IPO. In cloud storage, it competes with the likes of Inc's Amazon Web Services, although Backblaze targets smaller companies.īackblaze said earlier this year it now stores one exabyte of customer data, which is the equivalent of more than 4,000 times the information stored in the U.S. Backblaze shares climbed 24 in their debut on Thursday and another 12 on Friday, lifting the price to 22.31 and giving the company a market cap of around 650 million. Backblaze will offer 10 million shares of common stock at 10 to 12 per share.

#Cloud backblaze nasdaq thursday friday ipo registration#

Backblaze has filed a registration statement on Form S-1 with the Securities and Exchange Commission (the SEC) to offer 6,250,000 shares of its Class A common stock to the public. Backblaze, led by co-founder Gleb Budman, started in 2007 selling backup software to consumers and companies, and has since expanded into offering cloud storage services which is now the fastest-growing part of its business. (Backblaze), a leading storage cloud platform, today announced that it has launched the roadshow for its initial public offering.