![]() ![]() That includes what has Altimeter Growth ( NASDAQ: AGC) falling, what to know about Hedera Hashgraph (CCC: HBAR-USD), as well as the news sending Lordstown Motors ( NASDAQ: RIDE) stock higher. InvestorPlace has all the latest stock news that traders need to know about today. This article explains what this means for customers now and in the future, discussing key topics like security protocols. ![]() Backblaze’s security features are designed to ensure the safety of customer data and privacy. InvestorPlace - Stock Market News, Stock Advice & Trading Tips BLZE shot up to as high as a 22.25 intraday, up 39.1 from the stock’s 16-a-share IPO price.Backblaze (NASDAQ: BLZE) soared nearly 40 intraday Thursday in its first trading session following an IPO that valued the cloud-storage firm at just under 500M.And what it does is hopefully provide us more opportunity to bring more people in to. Backblaze is an online backup service that allows customers to protect their digital information in the cloud. There’s plenty more news worth diving into below! They are also all still together working at Backblaze. These co-founders had been working together for 20 years before creating Backblaze.ĭuring that time, they launched two other companies. The company was created by seven co-founders that built their own storage solutions. The company currently has about 500,000 customers across more than 175 countries. Users can also make use of the company’s services to host content, manage media, build apps, and more. Riley Securities are serving as the joint book-running managers for it.įinally, Lake Street is acting as the co-manager of the IPO.ħ F-Rated Stocks to Sell Before We Reach Christmasīackblaze is a cloud storage company that makes it easy for users to save their data. November 11, 2021, 10:08 AM 2 min read Backblaze is preparing for its initial public offering (IPO) that will see shares of its stock start trading today an image of a cloud imprinted on a. Oppenheimer & Co., William Blair and Raymond James are the lead book-running managers for the offering. Underwriters also have a 30-day option to purchase an additional 937,500 shares at the IPO price. This has Backblaze expecting gross proceeds of $100 million from the IPO. It’s also worth noting that the offering includes 6.25 million shares. It’s pricing these shares at $16 each, which is the midpoint of its previous range of $15 to $17 per share. Backblaze (NASDAQ: BLZE) was fire Monday for the third straight session since its IPO last week, up some 16 on the day and roughly 60 since the cloud-storage firm went public last. ![]() This gives the company a market cap of 671 million. Let’s jump into all the details traders need to know about the Backblaze IPO.įirst off, the company plans to list shares of BLZE stock on the Nasdaq Exchange. The company will list its stock on the Nasdaq under the symbol BLZE, according to a filing. An image of a cloud imprinted on a circuit board lit up by blue circuit lights representing the backblaze IPO and stock. ![]()
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