cloud backblaze nasdaq ipo 650mnovetcnbc

#Cloud backblaze nasdaq ipo 650mnovetcnbc software#

Oppenheimer & Co, William Blair and Raymond James are the lead underwriters on Backblaze’s offering. In the cloud storage space, it competes with the likes of Inc’s Amazon Web Services, although Backblaze targets smaller companies.Īccording to a report Impact-of-COVID-19-on-the-Market- by Research and Markets, the global market for cloud computing services is projected to reach a revised size of $937.5 billion by 2027, growing at a compound annual rate of 17% over the seven years since 2020. It has since expanded into cloud storage, with over half a million overall customers across more than 175 countries.

#Cloud backblaze nasdaq ipo 650mnovetcnbc software#

San Mateo, California-based Backblaze, led by co-founder Gleb Budman, started in 2007 selling backup software to consumers and companies. But unlike most cloud software startups, it. 11, Backblaze (NASDAQ: BLZE) has already seen its stock price surge by more than 100, and is currently trading around 31 a share. Cloud backup and storage service Backblaze debuted on the Nasdaq exchange Thursday, priced at 16 per share and popping 24.38 by the end of the day. Reuters reported in November that Backblaze was seeking to hire investment banks for a 2021 IPO that could value it at around $1 billion. Since its initial public offering (IPO) at 16 per share on Nov. initial public offering (IPO) on Monday, cashing in on growing demand for cloud computing from businesses expanding their digital offerings during the COVID-19 pandemic. (Reuters) – Cloud storage provider Backblaze Inc filed for a U.S.