Riley Securities are the joint bookrunners on the deal. Oppenheimer & Co., William Blair, Raymond James, JMP Securities, and B. It plans to list on the Nasdaq under the symbol BLZE. The company has attracted over 480,000 customers, who use its Backblaze Storage Cloud platform across more than 175 countries on its approximately 2 exabytes, or 2 trillion megabytes, of data storage under management.īackblaze was founded in 2007 and booked $60 million in revenue for the 12 months ended June 30, 2021.
BACKBLAZE IPO SOFTWARE
It provides these cloud services through a purpose-built, web-scale software infrastructure built on commodity hardware. At the midpoint of the proposed range, Backblaze would command a fully diluted market value of $644 million.īackblaze states that it is a leading storage cloud platform, providing businesses and consumers cloud services to store, use, and protect their data. 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. To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.Backblaze, which provides cloud storage for consumers and SMBs, announced terms for its IPO on Tuesday. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy Underwriters also have a 30-day option to purchase an additional 937,500 shares at the IPO price. You may delete and block all cookies from this site, but if you do, parts of the site may not work. This has Backblaze expecting gross proceeds of 100 million from the IPO. Some of the cookies are essential for parts of the site to operate and have already been set. Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes. Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds Ħ. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so ĥ.
BACKBLAZE IPO PROFESSIONAL
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body Ĥ. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services ģ. Obtains access to the information in a personal capacity Ģ. *A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:ġ. The Company is traded on the AIM market of the London Stock Exchange.
The Company's objective is to generate an attractive rate of return for shareholders, predominantly through capital appreciation. Founded in 2010, TMT has a current investment portfolio of over 50 companies and net assets of US$218 million as of 30 June 2021. TMT Investments Plc invests in high-growth technology companies across a number of core specialist sectors and has a significant number of Silicon Valley investments in its portfolio. ("Backblaze"), a leading cloud storage platform, announced on 10 November 2021 the pricing of its initial public offering of 6,250,000 shares of its Class A common stock at a price to the public of US$16.00 per share, for gross proceeds to Backblaze of US$100,000,000, before underwriting discounts, commissions, and offering expenses payable by Backblaze.īackblaze's Class A common stock is expected to begin trading on the Nasdaq Global Market on 11 November 2021 under the ticker symbol "BLZE." The offering is expected to close on 15 November 2021, subject to the satisfaction of customary closing conditions.Īt the placing price of US$16.00 per share, the value of TMT's investment in Backblaze is valued at approximately US$59.8 million, which represents a revaluation uplift of US$1.8 million (or 3.2%) in the value of TMT's investment in Backblaze, compared to the previously announced valuation as of 30 June 2021 ( adjusted for the value of TMT's additional investment made in Backblaze in the second half of 2021). TMT Investments Plc (AIM: TMT.L), the venture capital company investing in high-growth technology companies, notes that its portfolio company Backblaze, Inc.
0 kommentar(er)
