![]() It is expected to price during the week of November 8, 2021. IPO Intelligence helps the world’s largest and most active institutional investors and investment banks track, analyze, and gain actionable insights into the global IPO market with pre-IPO. Riley Securities are the joint bookrunners on the deal. Backblaze, a storage cloud platform, filed on Monday with the SEC to raise up to 100 million in an initial public offering. Oppenheimer & Co., William Blair, Raymond James, JMP Securities, and B. It plans to list on the Nasdaq under the symbol BLZE. atheist-when-you-skip-atheist-church-every-sunday-f7b929d76dfa. The company has attracted over 480,000 customers, who use its Backblaze Storage Cloud platform across more than 175 countries on its approximately 2 exabytes, or 2 trillion megabytes, of data storage under management.īackblaze was founded in 2007 and booked $60 million in revenue for the 12 months ended June 30, 2021. Backblaze will have 28.5 million shares outstanding after the IPO, giving it a market capitalisation of around 457m based on a share price of 16 (the midpoint of the price range), according to the paperwork filed with the US Securities and Exchange Commission. .com/AccompliceVC/carbon-black-ipo-one-not-done-56cb59cde67d . Backblaze, which provides cloud storage for consumers and SMBs, announced terms for its IPO on Tuesday. It provides these cloud services through a purpose-built, web-scale software infrastructure built on commodity hardware. Backblaze ( BLZE) launched 6.25M shares of Class A common stock IPO expected to be priced between 15. At the midpoint of the proposed range, Backblaze would command a fully diluted market value of $644 million.īackblaze states that it is a leading storage cloud platform, providing businesses and consumers cloud services to store, use, and protect their data. (BLZE) By: Khyathi Dalal, SA News Editor 8 Comments. The San Mateo, CA-based company plans to raise $100 million by offering 6.3 million shares at a price range of $15 to $17. Backblaze, which provides cloud storage for consumers and SMBs, announced terms for its IPO on Tuesday.
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