
If the stock prices at the median of that range, thats a 100,000,000 IPO.

JMP Securities/ Lake Street Capital Markets/ B. Backblaze IPO Details Backblaze will offer 6,250,000 shares at a range of 15 to 17 per share. Oppenheimer & Co./ William Blair/ Raymond James 10, 2021, at $16 – the mid-point of its $15-to-$16 price range – on 6.25 million shares, the same number of shares in the prospectus, to raise $100 million.) Today, our solutions are differentiated by their ease of use and affordability. Over the following years, we focused relentlessly on cutting away the complexity common among diversified cloud vendors’ services and legacy on-premises system vendors. As businesses and consumers shift to the cloud, we believe our cloud services will increasingly become a foundational element of their overall technology stack.Īt its founding, Backblaze set out to simplify the process of storing, using, and protecting data. 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. 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. By substantially reducing the complexity and frustration of storing, using, and protecting data, we empower customers to focus on their core business operations. 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 ipo software
We provide these cloud services through a purpose-built, web-scale software infrastructure built on commodity hardware.

There is no cost or obligation to you.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. Jim Baker, join this action, you can go to: or. Past results do not guarantee future outcomes. For more information about the firm and its attorneys, please visit. Johnson Fistel seeks to recover losses incurred due to violations of federal securities laws. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. Backblaze CEO Gleb Budman, center, celebrated first day of trading on Nasdaq. If emailing, please include a phone number. Amazon priced its IPO at 18 per share, and now the. ('backblaze'), a leading storage cloud platform, announced the pricing of its initial public offering of 6,250,000 shares. Although Backblaze priced its IPO stock at 16, investors showed on the first day of trading that they were willing to pay more than 22 for it. If you have information that could assist in this investigation, including past employees and others, or a Backblaze shareholder interested in learning more about the investigation, please contact Jim Baker ( ) by email or phone at 61. san mateo, calif., novem- ( business wire )-backblaze, inc. Securities and Exchange Commission in connection with its November 2021 IPO and subsequent investor communications contained untrue statements of material facts or omitted to state other facts necessary to make the statements made therein not misleading concerning the Company's business, and operations. Specifically, Johnson Fistel's investigation seeks to determine whether the Company's filings with the U.S. (Backblaze), a leading storage cloud platform, today announced that it has launched the roadshow for its initial public offering. Following this news, on February 18, 2022, in early morning trading, the stock was trading at $9.50, 40% below the IPO price. Backblaze is looking to raise 100 million at a valuation of. Then, on February 17, 2022, the Company reported a net loss that widened to $0.38 compared to a net loss per share of $0.18 in Q4 2020. Backblaze and Filecoin are, roughly speaking, in the same business (providing bulk file storage). On or around November 11, 2021, Backblaze conducted its initial public offering ("IPO"), issuing 6,250,000 shares priced at $16.00 per share. ("Backblaze " or "the Company") (NASDAQ: BLZE).

February 18, 2022) - Shareholder rights law firm Johnson Fistel, LLP is investigating potential violations of the federal securities laws by Backblaze, Inc.
