Founded in 2007, Backblaze has become a leading provider of cloud backup services. This will give Backblaze a valuation of $4.3 billion. The company will be listed on the Nasdaq under the ticker “BB” and will offer 100 million shares at a price of $650 million. With a proven track record and a commitment to customer satisfaction, backblaze nasdaq thursday 100m ipo 650mnovetcnbc is a great choice for your next investment.”īackblaze, an online backup company, is set to go public on Thursday. With a strong market position and a bright future, backblaze nasdaq thursday 100m ipo 650mnovetcnbc is a company that you can trust. “In conclusion, backblaze nasdaq thursday 100m ipo 650mnovetcnbc is an excellent investment opportunity. Founded in 2007, Backblaze has more than 500,000 customers in over 180 countries. “We are excited to begin our journey as a public company and continue our mission of helping people protect and access their data,” said Gleb Budman, CEO and co-founder of Backblaze, in a statement. The move could raise up to $650 million for Backblaze. The company said it will offer up to 100 million shares of its common stock at a price of $10 per share. The company was founded in 2007 and has since then raised over $200 million in funding from investors including Accel Partners, Andreessen Horowitz, Index Ventures, and Benchmark Capital.īackblaze, the online backup company, announced Thursday it plans to go public through a direct listing on the Nasdaq. This will be Backblaze’s first time going public. Backblaze will raise $100 million in its IPO and could be valued at up to $650 million. The company will list on the Nasdaq under the ticker “BB” and price its shares at $10 each. The IPO will allow the company to raise more money to continue its operations and expand its business.īackblaze, an online backup service, is set to go public on Thursday. The backblaze nasdaq thursday 100m ipo 650mnovetcnbc is a great way to invest in the company. For the first six months of 2018, Backblaze reported revenue of $61.5 million and net income of $7.8 million. The company’s net income more than doubled to $10.8 million last year. Backblaze has been profitable since 2014 and generated $97 million in revenue in 2017. That represents a compound annual growth rate of 30%. According to research firm IDC, the global market for cloud storage is expected to grow from $24 billion in 2018 to $92 billion by 2023. The company’s main product is its “B2” cloud storage service, which competes with similar offerings from Amazon (AMZN), Microsoft (MSFT), and Google (GOOGL). Founded in 2007, Backblaze has become one of the leading providers of cloud-based backup and storage services. At the midpoint of that range, Backblaze would have a market value of about $4 billion. The company will list its shares on the Nasdaq under the ticker “BB” and is offering 35 million shares at a price range of $18 to $20 per share. 650mnovetcnbcīackblaze, a data storage company, is set to go public on Thursday with an initial public offering (IPO) that could raise up to $650 million. The IPO is being led by Goldman Sachs and J.P. However, the company’s CEO, Gleb Budman, said that they decided to go public in order to give employees and early investors an opportunity to cash out. This comes as a bit of a surprise because Backblaze was not planning to go public and had no intention of doing so. Backblaze has raised $100 million in funding and is valued at $650 million. The company will list on the Nasdaq under the ticker “BZUN”. I believe that the stock will be a great addition to any portfolio.īackblaze, an online backup service, is set to go public on Thursday. The company has a strong track record and is well-positioned for continued success. The company provides cloud backup services for consumers and businesses. Backblaze was founded in 2007 and is headquartered in San Mateo, California. The offering is expected to close on Tuesday, October 2, 2018. Backblaze has granted the underwriters a 30-day option to purchase up to an additional 975,000 shares of common stock at the IPO price. The company said it will offer 6.5 million shares of its common stock at a price of $15.00 per share. Backblaze, an online backup service, announced on Thursday that it has priced its initial public offering at $100 million.
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