The company will list its stock on the Nasdaq under the symbol “ BLZE”, according to a filing. The company sells itself as an affordable cloud storage solution, competing with the Big Three. Oppenheimer & Co, William Blair and Raymond James are the lead underwriters on Backblaze’s offering. In the cloud storage space, it competes with the likes of Inc’s Amazon Web Services, although Backblaze targets smaller companies.Īccording to a report Impact-of- COVID-19-on-the-Market- by Research and Markets, the global market for cloud computing services is projected to reach a revised size of $937.5 billion by 2027, growing at a compound annual rate of 17% over the seven years since 2020. It has since expanded into cloud storage, with over half a million overall customers across more than 175 countries. 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 company reported (0.
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San Mateo, California-based Backblaze, led by co-founder Gleb Budman, started in 2007 selling backup software to consumers and companies. (NASDAQ:BLZE) released its earnings results on Tuesday, August, 9th. Reuters reported in November that Backblaze was seeking to hire investment banks for a 2021 IPO that could value it at around $1 billion.
initial public offering ( IPO) on Monday, cashing in on growing demand for cloud computing from businesses expanding their digital offerings during the COVID-19 pandemic. Currently, it is anticipated that the IPO will price between 15 and 17 per share however, the price range and expected pricing date are subject to change. The company will list its stock on the Nasdaq under the symbol "BLZE", according to a filing.– Cloud storage provider Backblaze Inc filed for a U.S. Oppenheimer & Co, William Blair and Raymond James are the lead underwriters on Backblaze's offering. In the cloud storage space, it competes with the likes of Inc's Amazon Web Services, although Backblaze targets smaller companies.Īccording to a report by Research and Markets, the global market for cloud computing services is projected to reach a revised size of $937.5 billion by 2027, growing at a compound annual rate of 17% over the seven years since 2020. New Transfer Solution Establishes Easy Path From Any Source to B2 Cloud StorageSAN MATEO, Calif., Ap(GLOBE NEWSWIRE) - Backblaze, Inc. It has since expanded into cloud storage, with over half a million overall customers across more than 175 countries. San Mateo, California-based Backblaze, led by co-founder Gleb Budman, started in 2007 selling backup software to consumers and companies. After Raymond James and Oppenheimer gave Backblaze (NASDAQ: BLZE). Reuters reported in November that Backblaze was seeking to hire investment banks for a 2021 IPO that could value it at around $1 billion. 12 Information Technology Stocks Moving In Thursdays After-Market. (Nasdaq: BLZE), a leading storage cloud platform, today announced results for its third quarter ended September 30, 2021.
initial public offering (IPO) on Monday, cashing in on growing demand for cloud computing. SAN MATEO, Calif., December 13, 2021-(BUSINESS WIRE)-Backblaze, Inc.
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