Cloud backblaze nasdaq thursday ipo12/8/2022 ![]() ![]() JMP Securities/ Lake Street Capital Markets/ B. initial public offering (IPO) on Monday, cashing in on growing demand for cloud computing from businesses expanding their. Oppenheimer & Co./ William Blair/ Raymond James Oct 18 (Reuters) - Cloud storage provider Backblaze Inc filed for a U.S. 10, 2021, at $16 – the mid-point of its $15-to-$16 price range – on 6.25 million shares, the same number of shares in the prospectus, to raise $100 million.) Today, our solutions are differentiated by their ease of use and affordability. Over the following years, we focused relentlessly on cutting away the complexity common among diversified cloud vendors’ services and legacy on-premises system vendors. As businesses and consumers shift to the cloud, we believe our cloud services will increasingly become a foundational element of their overall technology stack.Īt its founding, Backblaze set out to simplify the process of storing, using, and protecting data. ![]() These customers use the Backblaze Storage Cloud platform across more than 175 countries to grow and protect their business data on our approximately 2 exabytes, or 2 trillion megabytes, of data storage under management. Referrals from our community of brand advocates, combined with our highly efficient and primarily self-serve customer acquisition model and an ecosystem of thousands of partners, have allowed us to attract over 480,000 customers. By substantially reducing the complexity and frustration of storing, using, and protecting data, we empower customers to focus on their core business operations. From genome sequencing to mapping the world, from saving lives to playing online games, from interacting with a business to running one, data is central to modern existence. Backblaze (NASDAQ: BLZE) soared nearly 40 intraday Thursday in its first trading session following an IPO that valued the cloud-storage firm at just under 500M. But the company has gotten to this point on just 3 million in funding its IPO could deliver up to 100 million in new funding, which would go a long way toward building out its. #Cloud backblaze nasdaq thursday ipo softwareWe provide these cloud services through a purpose-built, web-scale software infrastructure built on commodity hardware. Backblaze is not exactly an enterprise cloud juggernaut: It recorded 53.8 million in revenue last year, only 14.2 million of which came from its B2 service. Following the transaction, the insider now directly owns 372,000 shares in the company, valued at approximately 1,878,600. The stock was sold at an average price of 5.05, for a total transaction of 10,100.00. That includes what has Altimeter Growth ( NASDAQ: AGC) falling, what to know about Hedera Hashgraph (CCC: HBAR-USD), as well as the news sending Lordstown Motors ( NASDAQ: RIDE) stock higher.We are a leading storage cloud platform, providing businesses and consumers cloud services to store, use, and protect their data in an easy and affordable manner. (NASDAQ:BLZE - Get Rating) major shareholder Kwok Hang Ng sold 2,000 shares of the stock in a transaction dated Monday, September 26th. InvestorPlace has all the latest stock news that traders need to know about today. Backblaze's CEO says he wants to prove high revenue and VC backing aren't needed to go public. InvestorPlace - Stock Market News, Stock Advice & Trading Tips The company sells itself as an affordable cloud storage solution, competing with the Big Three. In its S-1, Backblaze said it has about 500,000 customers worldwide and about 65 million in. There’s plenty more news worth diving into below! Backblaze said it intends to list on the Nasdaq Global Market under the ticker symbol BLZE. ![]() They are also all still together working at Backblaze. These co-founders had been working together for 20 years before creating Backblaze.ĭuring that time, they launched two other companies. The company was created by seven co-founders that built their own storage solutions. The company currently has about 500,000 customers across more than 175 countries. Users can also make use of the company’s services to host content, manage media, build apps, and more. 7 F-Rated Stocks to Sell Before We Reach Christmasīackblaze is a cloud storage company that makes it easy for users to save their data. ![]()
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