Īlexander Selegenev (Computershare - Company Secretary) ("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). The company was incorporated in 2007 and is headquartered in San Mateo, California.TMT Investments Plc (AIM: TMT.L), the venture capital company investing in high-growth technology companies, notes that its portfolio company Backblaze, Inc. It serves the public cloud IaaS storage and Data-Protection-as-a-Service markets. In addition, the company offers Backblaze Computer Backup that automatically backs up data from laptops and desktops for businesses and individuals, which provides a subscription-based Software-as-a-Service and serves use cases, including computer backup, ransomware protection, theft and loss protection, and remote access.
This service is offered as a consumption-based Infrastructure-as-a-Service (IaaS) and serves use cases, such as backups, multi-cloud, application development, and ransomware protection. It also provides Backblaze B2 Cloud Storage, which enables customers to store data, developers to build applications, and partners to expand their use cases.
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The company offers cloud services through a web-scale software infrastructure built on commodity hardware. 7 Small-Cap Stocks that Present Long-Term Growth Opportunitiesīackblaze, Inc., a storage cloud platform, provides businesses and consumers cloud services to store, use, and protect data in the United States and internationally.7 Transportation Stocks That Can Keep Your Portfolio Moving Forward.7 Retail Stocks That May Still Ring the Register.7 Consumer Discretionary Stocks That May Defy Expectations.7 Outdoor Living Stocks to Buy Before Investors Go Away For the Summer.7 NFT Related Stocks That Are Helping to Drive This Trend.7 Agricultural Technology Stocks to Buy as Commodity Prices Remain Volatile.7 Dividend Stocks to Buy When Safety is Your Top Priority.7 Stagflation Stocks to Help Navigate Periods of Low Growth.7 Commodities ETFs to Help Build a Hedge Against Inflation.7 Dividend Stocks That Earn 10% Every Month.The Most Upgraded Stocks To Buy Before The 2nd Half Starts.3 Dow Laggards Poised for a Second Half Comeback.Two More Reasons This Bear Market Isn’t Over.
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