4/6/2023 0 Comments Backblaze ipo![]() The company was incorporated in 2007 and is headquartered in San Mateo, California. If the stock prices at the median of that range, that's a 100,000,000 IPO. It serves the public cloud IaaS storage and Data-Protection-as-a-Service markets. Backblaze IPO Details Backblaze will offer 6,250,000 shares at a range of 15 to 17 per share. At its IPO price range and 28,545,893 shares expected to be outstanding after. In addition, the company offers Backblaze Computer Backup that automatically backs up data from laptops and desktops for businesses and individuals, which provides a subscription-based Software-as-a-Service and serves use cases, including computer backup, ransomware protection, theft and loss protection, and remote access. And it has, namely an S-1/A filing indicating that the company expects to price its IPO between 15 and 17 per share. Backblaze has two main products, both of which sit atop its storage cloud. ![]() This service is offered as a consumption-based Infrastructure-as-a-Service (IaaS) and serves use cases, such as backups, multi-cloud, application development, and ransomware protection. How Backblaze grew to IPO scale without losing all of god’s money. But investing in the cloud is no longer new, and some believe the blockchain revolution of Web 3. Since then, its share price has risen over 60, proving there's still a great attraction in cloud-based services. It also provides Backblaze B2 Cloud Storage, which enables customers to store data, developers to build applications, and partners to expand their use cases. Backblaze (NASDAQ: BLZE) went public via IPO last week. The company offers cloud services through a web-scale software infrastructure built on commodity hardware. Riley, Inc.Backblaze, Inc., a storage cloud platform, provides businesses and consumers cloud services to store, use, and protect data in the United States and internationally. JMP Securities/ Lake Street Capital Markets/ B. Backblaze CEO Gleb Budman, writing on the company blog: Over the last 14 years, we have worked diligently to keep our costs low and pass our savings on to customers. Oppenheimer & Co./ William Blair/ Raymond James 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.) > In the years ended Decemand 2020, our revenue was 40.7 million and 53. Today, our solutions are differentiated by their ease of use and affordability. (Reuters) - Cloud storage provider Backblaze Inc filed for a U.S. Kind of surprised they aren’t profitable. 11, Backblaze ( BLZE 6. Over the following years, we focused relentlessly on cutting away the complexity common among diversified cloud vendors’ services and legacy on-premises system vendors. Since its initial public offering (IPO) at 16 per share on Nov. 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. san mateo, calif., novem- ( business wire )-backblaze, inc. 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. Backblaze is looking to raise 100 million at a valuation of. 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 and Filecoin are, roughly speaking, in the same business (providing bulk file storage). We provide these cloud services through a purpose-built, web-scale software infrastructure built on commodity hardware. 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. Get answers to the most frequently asked questions pertaining to IPOs (Initial Public.
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