The company was incorporated in 2007 and is headquartered in San Mateo, California. Cloud backup and storage service Backblaze debuted on the Nasdaq exchange Thursday, priced at 16 per share and popping 24.38 by the end of the day.The New York. 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. It serves the public cloud IaaS storage and Data-Protection-as-a-Service markets. Backblaze, which provides cloud storage for consumers and SMBs, announced terms for its IPO on Tuesday. 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. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock is poised for long-term growth. Comparatively, 58.4 of Backblaze shares are held by insiders. 7.7 of Upland Software shares are held by insiders. Mineralys Therapeutics (MLYS) priced its upsized IPO at 16.00 the top of its 14.00-to-16.00 range on 12.0 million shares up from 10.0 million shares in the prospectus tonight (Thursday, Feb. 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. Comparatively, 12.7 of Backblaze shares are held by institutional investors. The IPO Buzz: Mineralys Therapeutics Prices Upsized IPO at 16.00 High End. Is a stock market crash coming 2014, E9000es sony. It also provides Backblaze B2 Cloud Storage, which enables customers to store data, developers to build applications, and partners to expand their use cases. Doosh meaning in english, Cutting fingernails on sunday, Artrosis manos nodulos, Mercatino cormano. The company offers cloud services through a web-scale software infrastructure built on commodity hardware. It has a global physical infrastructure of nearly 200,000 hard drives and one terabit per second of network capacity, across five data centres that are interconnected by private network infrastructure.Backblaze, Inc., a storage cloud platform, provides businesses and consumers cloud services to store, use, and protect data in the United States and internationally. Its Backblaze Storage Cloud service keeps over 500 billion files available on demand and is designed to store trillions more in the future. Cloud backup service Backblaze climbed 24 in its Nasdaq debut on Thursday and 12 on Friday, after raising 100M in its IPO, giving it a market cap of 650M - Backblaze went public this week after generating just 16 million in revenue in the second quarter. Data is the digital world’s most precious resource. Their BLZE share price forecasts range from 8.50 to 18.00. Almost half a million customersįounded in 2007, Backblaze has almost 500,000 customers worldwide. As the IPO paperwork is still at the preliminary stage, the figure of 100m is a placeholder amount that is likely to be revised as lead underwriters Oppenheimer & Co, William Blair and Raymond James get a better idea of investor demand and an eventual IPO price range and number of shares is set. 3 Wall Street research analysts have issued 1 year target prices for Backblazes stock. Our mission is to make storing, using, and protecting that data astonishingly easy,” San Mateo, California-based Backblaze said in the preliminary IPO filing. “Data is the digital world’s most precious resource. US30 US Wall Street 30 (USA 30, Dow Jones)Īn array of hard drives – Photo: ShutterstockĬloud storage company Backblaze plans to list on the NASDAQ under the ticker BLZE, raising an initial amount of $100m (£75.5m), according to a recent filing.Īs the IPO paperwork is still at the preliminary stage, the figure of $100m is a placeholder amount that is likely to be revised as lead underwriters Oppenheimer & Co, William Blair and Raymond James get a better idea of investor demand and an eventual IPO price range and number of shares is set.
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