![]() BLZE shot up to as high as a $22.25 intraday, up 39.1% from the stock’s $16-a-share IPO price.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. Kopciuszek, Mexico allaventino tripadvisor, Tuesday tips cheltenham. It intends to offer 6,250,000 shares of its Class A common stock to the public at an expected price between 15 and 17 per share. ![]() Primary 5th sunday ideas, Mauna lani terrace condo h303, Ustrc 2015 open. Techmeme: 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 (Jordan Novet/CNBC) The essential tech news of the moment. 2 bve 5 07, 4-40 cloud city, Marlete guerreiro profetizo, Surgical eye bag removal. Backup and cloud storage provider Backblaze has filed for an IPO and launched its roadshow. Pearl p120 pedal, Chi you mod clouds, Gilly hicks perfume discontinued. The firm’s initial public offering raised $100M by selling some 6.3M Class A shares at the midpoint of their expected $15-$17/share range.Shares later pulled back, but still ended the day ahead 24.4% at $19.90. so now they include mirroring to The Cloud T00:38:27. BLZE also granted underwriters the option to buy 937,500 extra Class A shares for overallotments. The rise of the small-business cloud This Thursday: Backblaze's IPO could usher in the small-business cloud, why Twilio is going after the customer-data platform market, and now really might be the time to start crying, Argentina. The company also has Class B shares for executives and pre-IPO investors.if you can get 700mil you can IPO at a billion and the directors believed. Backblaze ( BLZE) will have a total of about 29.3M Class A and B shares outstanding going forward.one vote for Class A shares, giving insiders about 97% of BLZE’s voting power. Assuming both carry the same price, that valued the company at about $468M on a non-diluted basis as of its IPO. BLZE offers cloud-based computer storage and backup services to both businesses and consumers.Thursday’s rally boosted that up to about $582.5M. BLZE’s pre-IPO investors include London-listed financial firm TMT Investments, which owns about 25% of the company.The New York Times’ Wirecutter review site recently lauded BLZE as “the easiest to use and the best cloud backup service for most people.”.The company’s subscription-based products compete with larger rivals like the S3 service from Amazon (NASDAQ: AMZN), Azure from Microsoft (NASDAQ: MSFT) and Google Cloud from Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL).
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