![]() ![]() The registration statement for the initial public offering of Backblaze Inc. Class A common stock has been declared effective by the SEC and the offering is priced at $16.00 with the offering size being 6,250,000 shares. To be eligible for an allocation of shares in this offering, you MUST confirm your indication of interest through the Backblaze Directed Share Program website using the link below or by calling 80 by Midnight ET TONIGHT. If you confirm your indication of interest, but decide that you do not want to purchase the shares, you must withdraw your confirmed indication prior to 7:00 AM ET tomorrow morning.Ĭonfirmed indications are orders to buy shares of Backblaze Class A common stock and may be accepted in whole, or in part, or not at all by Fidelity Brokerage Services LLC. Allocation of shares will occur tomorrow morning by 9:00 AM ET. If you are allocated shares in the offering, you are obligated to pay for the shares in full by the settlement date, which is currently expected to be November 15, 2021. Payment for shares must be made by check, electronic funds transfer or wire. Credit card, third-party checks, cash or using the proceeds from the sale of allocated shares are not acceptable means of payment. If you already have cash in your Fidelity account sufficient to pay for the shares, it will automatically sweep to pay for the shares on settlement. To confirm your indication of interest through the Backblaze DSP website Click Here You will receive an email once shares are allocated, which we expect by 9:00 AM ET tomorrow morning, November 11, 2021. The number of Shares you request must be for your own personal account and not for any other person. There is no assurance you will be able to obtain any or all of the number of Shares you request. If you have questions on the offering, please contact a Backblaze Inc. Directed Share Program representative at 80.Backblaze (NASDAQ: BLZE) fired up investors for the fourth straight session on Tuesday, with the cloud-storage firm’s stock rising 23.5% on the day and closing almost 100% above a $16 IPO price set just last Thursday.BLZE ended the day at a session high $31.50 and kept rising after hours, changing hands at $33.50 shortly before 6 p.m.That’s up 6.4% in after-hours trading and 109.3% from the stock’s initial public offering price. Backblaze’s IPO shows it’s possible to go public sans mountains of VC cash But the cloud infra company touts the power of the written word Alex Wilhelm alex / 7:20 AM PDT October 20, 2021.Backblaze ( BLZE) has risen in all four of its trading sessions since going public last week.The stock has been on fire on no apparent news other than enthusiasm for its IPO.BLZE offers consumers and businesses subscriptions for cloud-based computer storage and backup.The company sold 6.3M Class A shares last week at the midpoint of its IPO’s expected $15-$17/share range.Storage cloud platform, Backblaze (NASDAQ: BLZE) has priced its initial public offering of 6.25M shares of its Class A common stock at 16.00 per share, for gross proceeds to Backblaze of 100M. However, sparks flew for the stock from its first trading day last Thursday.BLZE saw its stock rally 24.4% in its first session to close at $19.90, and the stock’s price has only stoked higher from there. ![]() Shares have risen 10% to 20% or more in each the company’s first four sessions.Seeking Alpha contributor The Value Investor does a deep dive into BLZE here.As businesses and consumers shift to the cloud, we believe our cloud services will increasingly become a foundational element of their overall technology stack. 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. 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. Through our blog and culture of transparency, we have built a devoted community of millions of readers and brand advocates. By substantially reducing the complexity and frustration of storing, using, and protecting data, we empower customers to focus on their core business operations. 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. We provide these cloud services through a purpose-built, web-scale software infrastructure built on commodity hardware. 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. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |