The Backblaze Storage Cloud provides a foundation for businesses, developers, IT professionals, and individuals to build applications, host content, manage media, back up and archive data, and. The stock jumped 24 on that first day, and then rose another 12 to 22.31. B2 cloud storage revenues were up 48 per cent year-on-year to 7 million, 36 percent of total revenue, while computer backup, the other segment, reached 12. SAN MATEO, Calif., Ap(GLOBE NEWSWIRE) - Backblaze, Inc. 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. Backblaze è allavanguardia nei servizi affidabili, economici e scalabili di archiviazione e di backup sul cloud.Seeking Alpha contributor The Value Investor does a deep dive into BLZE here.Shares have risen 10% to 20% or more in each the company’s first four sessions. 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 Thursday. Backblaze ( BLZE) was rising on no apparent news other than continued enthusiasm for its initial public offering.BLZE rose as much as 29.7% to $28.59 before pulling back to close at $25.50, ahead 15.7% for the day and 59.4% since the stock staged an IPO at $16 a share.Soluzioni di archiviazione dati per backup online personali e aziendali.
BLZE provides business and consumer clients with subscription cloud-based computer storage and backup services.The stock popped 24.4% last Thursday in its first trading session, then added another 10.8% Friday and extended its rally to a third day on Monday. Backblaze ( BLZE) last week raised $100M selling roughly 6.3M Class A shares at the midpoint of the IPO’s expected $15-$17/share range.The company competes with the likes of S3 service from Amazon (NASDAQ: AMZN), Azure from Microsoft (NASDAQ: MSFT) and Google Cloud from Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL). Additionally, company executives and pre-IPO investors own Class B shares that carry 10 votes each vs.BLZE also gave underwriters the option to buy 937,500 extra Class A shares for overallotments.
one for every Class A share, giving Class B stockholders 97% of the voting power. That’s because news agency Reuters reports that Backblaze is targeting an IPO in 2021 that could value the company at around $1bn, a valuation reflecting forecasts that the global cloud storage service market is estimated to grow from $50.1bn this year to $137.3bn by 2025 (MarketsandMarkets estimates).Seeking Alpha contributor The Value Investor analyzes BLZE’s future prospects here. However, that gain looks small fry compared with the upside potential upside on TMT’s 10.85 per cent holding in Backblaze, a cloud storage and data back-up company with more than 600,000 customers.
The disposal realises a $29m profit, too.
CLOUD BACKBLAZE NASDAQ FRIDAY IPO SOFTWARE
This means that they are now rated on a premium to pro-forma net asset value (NAV) of $130m (446¢) after taking into account the $41m cash windfall from the sale of TMT’s stake in Pipedrive, a customer relationship management (CRM) software tool developer that is being purchased by US investment firm Vista Equity Partners for $1.5bn. Shares in TMT Investments (TMT:580¢), a venture capital company that invests in high-growth, internet-based companies, has rallied 76 per cent since I turned buyer again, at 318¢ (‘ On the hunt for recovery buys’, 6 July 2020). ■ Global cloud storage services market set to grow 175 per cent by 2025 ■ Portfolio company Backblaze reported to be eyeing up IPO in 2021
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