![]() ![]() As businesses and consumers shift to the cloud, we believe our cloud services will increasingly become a foundational element of their overall technology stack. The company is selling 6,250,000 shares of Class A common stock to the public with an initial price between 15 to 17 per share, according to a blog post from Backblaze. 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. Backblaze filed its IPO Tuesday, debuting the cloud storage and backup vendor to the market after 14 years in operation. San Mateo, California-based Backblaze is aiming to complete its IPO next year, the sources said, requesting anonymity as the plans are private. The sources cautioned that the plans are subject to change and market conditions. It reported a 2.4 million loss in its second quarter, on 16.2 million in. Backblaze got 3 million in funding from external investors along its journey. 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. In its S-1, Backblaze said it has about 500,000 customers worldwide and about 65 million in annual recurring revenue. Through our blog and culture of transparency, we have built a devoted community of millions of readers and brand advocates. Novemat 10:08 AM 2 min read Backblaze is preparing for its initial public offering (IPO) that will see shares of its stock start trading today an image of a cloud imprinted on a. ![]() By substantially reducing the complexity and frustration of storing, using, and protecting data, we empower customers to focus on their core business operations. If you have questions on the offering, please contact a Backblaze Inc. Directed Share Program representative at 80. 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) fired up investors for the fourth straight session on Tuesday, with the cloud-storage firm’s stock rising 23.5 on the day and closing almost 100 above a 16 IPO price set just last Thursday. We provide these cloud services through a purpose-built, web-scale software infrastructure built on commodity hardware. The 5 analysts offering 12-month price forecasts for Backblaze Inc have a median target of 13.00, with a high estimate of 18.00 and a low estimate of 11.50.The company sold 6.3M Class A shares last week at the midpoint of its IPO’s expected 15-17/share range. 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. About a week later, the company set an IPO price of 16. 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. Backblaze, which provides cloud storage for consumers and SMBs, announced terms for its IPO on Tuesday.
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