nerotampa.blogg.se

• Cloud backblaze thursday friday ipo registration#

Seeking Alpha’s Donovan Jones lays out a bullish thesis for the stock here.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.”.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.BLZE also granted underwriters the option to buy 937,500 extra Class A shares for overallotments. 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.

Cloud backblaze thursday friday ipo registration#

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. 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 the proposed sale of these securities has been filed with the SEC but has not yet become effective. It reported a 2.4 million loss in its second quarter, on 16. 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. In its S-1, Backblaze said it has about 500,000 customers worldwide and about 65 million in annual recurring revenue. 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. Copies of the preliminary prospectus related to the offering may be obtained, when available, from Oppenheimer & Co. initial public offering (IPO) on Monday, cashing in on growing demand for cloud computing.

The offering will be made only by means of a prospectus. (Reuters) - Cloud storage provider Backblaze Inc filed for a U.S. Lake Street will act as co-manager for the proposed offering. Riley Securities acting as joint book-running managers. Oppenheimer & Co., William Blair and Raymond James will act as lead book-running managers for the proposed offering, with JMP Securities and B. Backblaze has applied to list its Class A common stock on the Nasdaq Global Market under the ticker symbol “BLZE.” The initial public offering price is expected to be between $15.00 and $17.00 per share. In addition, the underwriters will have a 30-day option to purchase up to an additional 937,500 shares of Class A common stock from Backblaze. Backblaze has filed a registration statement on Form S-1 with the Securities and Exchange Commission (the “SEC”) to offer 6,250,000 shares of its Class A common stock to the public. (“Backblaze”), a leading storage cloud platform, today announced that it has launched the roadshow for its initial public offering.