BLZE News

It was another busy week for the IPO market as 15 new issuers went public, with Rivian (RIVN) in the spotlight. The pre-revenue electric truck developer became the largest IPO of 2021, raising nearly $12 billion in the largest IPO since Alibaba (NYSE: BABA) in 2014, and popped 29% in its public debut. Rivian Automotive (RIVN) upsized and priced...read more

Backblaze, which provides cloud storage for consumers and SMBs, raised $100 million by offering 6.3 million shares at $16, the midpoint of the $15 to $17 range. Backblaze states that it is a leading storage cloud platform, providing businesses and consumers cloud services to store, use, and protect their data. It provides these cloud services through a purpose-built, web-scale...read more

The IPO market is expected to stay busy with 11 IPOs schedule to raise $10.2 billion in the week ahead.   Electric truck developer Rivian Automotive (RIVN) plans to raise $8.0 billion at a $57.1 billion market cap. This founder-led company is developing and manufacturing a portfolio of electric adventure-ready consumer and commercial SUVs, vans, and pickup...read more

Backblaze, which provides cloud storage for consumers and SMBs, announced terms for its IPO on Tuesday. The San Mateo, CA-based company plans to raise $100 million by offering 6.3 million shares at a price range of $15 to $17. At the midpoint of the proposed range, Backblaze would command a fully diluted market value of $644 million. Backblaze states that it is a leading storage...read more