This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. In a year of blockbuster IPOs and mega valuations with 21 tech companies valued at over 10B upon going public Backblaze chose a different route. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. Petersburg, FL 33716, email: telephone: 80.Ī registration statement relating to these securities has been filed with the SEC but has not yet become effective. Attention: Prospectus Department, 150 North Riverside Plaza, Chicago, IL 60606, or by telephone at (800) 621-0687 or by email at or Raymond James & Associates, Inc., 880 Carillon Parkway, St. Inc., Attention: Syndicate Prospectus Department, 85 Broad St., 26th Floor, New York, NY 10004, by telephone at (212) 667-8055, or by email at William Blair & Company, L.L.C. is looking to go public in the US stock markets as demand for cloud computing surged during the COVID-19. Copies of the preliminary prospectus related to the offering may be obtained, when available, from Oppenheimer & Co. Cloud-based storage space provider Backblaze, Inc. The offering will be made only by means of a prospectus. Lake Street will act as co-manager for the proposed offering. Gunderson Dettmer Stough Villeneuve Franklin & Hachigian advised Backblaze on the deal. Riley Securities acting as joint book-running managers.
Shares Offered - Backblaze is looking to sell 6,250,000 shares. Oppenheimer & Co., William Blair and Raymond James will act as lead book-running managers for the proposed offering, with JMP Securities and B. Backblaze IPO Pricing - Backblaze expects to price its shares between 15.00 and 17.00 per share. Backblaze intends to list its Class A common stock on the Nasdaq Global Market under the ticker symbol “BLZE.” The number of shares to be offered and the price range for the offering have not yet been determined. Securities and Exchange Commission (“SEC”) relating to a proposed initial public offering of its Class A common stock. today announced that it has publicly filed a registration statement on Form S-1 with the U.S. Seeking Alpha’s Donovan Jones lays out a bullish thesis for the stock here.SAN MATEO, Calif.–(BUSINESS WIRE)–Backblaze, Inc.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.” Backblaze CEO Gleb Budman, center, celebrated first day of trading on Nasdaq.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). BLZE offers cloud-based computer storage and backup services to both businesses and consumers.Thursday’s rally boosted that up to about $582.5M. Assuming both carry the same price, that valued the company at about $468M on a non-diluted basis as of its IPO. 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. The company also has Class B shares for executives and pre-IPO investors.('backblaze'), a leading storage cloud platform, announced the pricing of its initial public offering of 6,250,000 shares. BLZE also granted underwriters the option to buy 937,500 extra Class A shares for overallotments. san mateo, calif., novem- ( business wire )-backblaze, inc. 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.