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Morgan Stanley, JP Morgan and Citigroup are the lead underwriters for the IPO. 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. Backblaze, a leading cloud storage company, will debut on Nasdaq as part of its initial public offering (IPO). 11, Backblaze ( BLZE -3.70) has already seen its stock price surge by more than 100, and is currently trading around 31 a share. is looking to go public in the US stock markets as demand for cloud computing surged during the COVID-19 pandemic. Cloud-based storage space provider Backblaze, Inc. 11, Backblaze (NASDAQ: BLZE) has already seen its stock price surge by more than 100, and is currently trading around 31 a share. Since its initial public offering (IPO) at 16 per share on Nov. The core platform of Backblazes cloud services is the Backblaze Storage Cloud, and it keeps over 500 billion files available on demand. Last week Uber, the company behind the car-hailing smartphone app, filed for an IPO that values the company at $17bn. Since its initial public offering (IPO) at 16 per share on Nov. The IPO comes amid a new wave of sales and deals in the tech sector. The company simultaneously announced that Parsons is resigning as executive chairman but will remain a board member. GoDaddy abandoned IPO plans in 2006 citing market turmoil with founder and then CEO Bob Parsons telling staff the company would wait for "better and more stable times arrive." Since then, it has hired former Yahoo and Microsoft executive Blake Irving as its CEO and has bought a series of companies in web hosting, cloud services, local data and other areas in order to build up its services. The company reversed its position amid threats of a boycott and Sopa was defeated amid a backlash from the tech companies and consumers. The company also ran into trouble after initially lending its support to the Stop Online Piracy Act (Sopa), a bill aimed at limiting copyright infringement online that critics charged would censor free speech online. Backblaze IPO Date - Backblaze will go public next Thursday, November 11. ![]() Since the sale, the 17-year-old company has toned down its controversial ads which had previously featured scantily clad models and led the New York Times to dub the company the “supremo of Super Bowl sleaze.” Here are 9 key things to know about the upcoming Backblaze IPO: 1. The share sale, which is likely to be much more than the $100m initially announced, will come two years after GoDaddy was bought by current major shareholders include investment firms Kohlberg Kravis Roberts, Silver Lake and Technology Crossover Ventures for $2.25bn. Backblaze subscription options: 12 month plan - 6.67 per month (80.04 total cost) Get Backblaze for free with every ExpressVPN purchase ExpressVPN, TechRadars 1 VPN provider, is offering. 11, Backblaze ( BLZE -3.70) has already seen its. Since its initial public offering (IPO) at 16 per share on Nov. In the first quarter of this year it lost $51m on revenues of $320m. The cloud storage specialist Backblaze addresses vast and growing markets. It is expected to price during the week of November 8, 2021.According to its filing with the Securities and Exchange Commission, GoDaddy had revenues of more than $1.1bn in 2013 and made a loss of $199.8m. Riley Securities are the joint bookrunners on the deal. ![]() Oppenheimer & Co., William Blair, Raymond James, JMP Securities, and B. It plans to list on the Nasdaq under the symbol BLZE. 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. It provides these cloud services through a purpose-built, web-scale software infrastructure built on commodity hardware. ![]() 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. South African car subscription service Planet42 raises 100M equity, debt Tage Kene-Okafor 1:05 AM PST FebruPlanet42, a South Africa-based car subscription company that buys used. 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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