![]() The B2 division takes on S3 cloud storage offerings from Amazon. It has 500,000 subscription customers and will boost sales with these funds. Backblaze has two exabytes under storage. Backblaze went public for several reasons, opening up the company books to clients while proving its maturity with a technology play for the long haul. He added that the company has efficiently developed its reach and operations over the years. According to the company’s CEO & co-founder, Gleb Budman, investors were always eager for a company approaching a public listing while having raised a tiny sum of money to date. The company began in 2007 and issued $10 million sometime earlier through convertible notes. Twenty-one companies debuting in 2021 have valuations exceeding $10 billion.īackblaze got $3 million in funding from external investors along its journey. 100+ tech companies have already gone public in the USA. Backblaze has a market cap of $650 million in the micro-cap segment. Backblaze seeks to raise 100 million through the IPO, which could value the company at around 650 million. Backblaze said it intends to list on the Nasdaq Global Market under the ticker symbol BLZE. A Closer Look at BLZE Stock In early November, Backblaze planned to price its public offering between 15 and 17. They also increased by 12% again, taking the share price to $22.31. Backblaze cloud computing coinbase EC Cloud and Enterprise Infrastructure EC Enterprise Applications initial public offering IPO nerdwallet renaissance capital Social Amazon launches free. ![]() The company got $100 million in funding, with its shares rising by 24% afterward. Backblaze’s IPO was priced at 25 per share, above the expected range of 20 to 23 per share. They were $16.2 million for the period, according to reports. (Backblaze), a leading storage cloud platform, announced the pricing of its initial public offering of 6,250,000 shares of its Class A. The company revenues were $59.9 million for the year, concluding on 30th June, with Q2 sales figures increasing by 17%. SAN MATEO, Calif.- ( BUSINESS WIRE )-Backblaze, Inc. At the other end of the spectrum, Backblaze made news with another IPO. The market cap went past $105 billion for Rivian Automotive afterward, putting it ahead of General Motors and Ford. Yet, the company made headlines, raising almost $12 billion with an IPO. The IPO will be available on Robinhood's IPO Access platform, among other brokerages. Rivian Automotive, a leading electric vehicle manufacturer, currently has negligible revenues. Backblaze (NASDAQ: BLZE ), a storage cloud platform, plans to go public next week.
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