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Backblaze Priced, Nasdaq: BLZE

Provides cloud storage for consumers and SMBs.

Industry: Technology

Latest Trade: $9.31 0.00 (0.0%)

First Day Return: +24.4%

Return from IPO: -41.8%

Industry: Technology

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. We provide these cloud services through a purpose-built, web-scale software infrastructure built on commodity hardware. 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. By substantially reducing the complexity and frustration of storing, using, and protecting data, we empower customers to focus on their core business operations. Through our blog and culture of transparency, we have built a devoted community of millions of readers and brand advocates. 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. 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. As businesses and consumers shift to the cloud, we believe our cloud services will increasingly become a foundational element of their overall technology stack.
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IPO Data
IPO File Date 10/18/2021
Offer Price $16.00
Price Range $15.00 - $17.00
Offer Shares (mm) 6.3
Deal Size ($mm) $100
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 11/10/2021
Offer Price $16.00
Price Range $15.00 - $17.00
Offer Shares (mm) 6.3
Deal Size ($mm) $100
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Oppenheimer & Co.
William Blair
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Company Data
Headquarters San Mateo, CA, United States
Founded 2007
Employees 228
Website www.backblaze.com

Backblaze (BLZE) Performance