The company will list its shares on the Nasdaq under the ticker “BB” and is offering 35 million shares at a price range of $18 to $20 per share. 650mnovetcnbcīackblaze, a data storage company, is set to go public on Thursday with an initial public offering (IPO) that could raise up to $650 million. The IPO is being led by Goldman Sachs and J.P. However, the company’s CEO, Gleb Budman, said that they decided to go public in order to give employees and early investors an opportunity to cash out. This comes as a bit of a surprise because Backblaze was not planning to go public and had no intention of doing so. Backblaze has raised $100 million in funding and is valued at $650 million. The company will list on the Nasdaq under the ticker “BZUN”. I believe that the stock will be a great addition to any portfolio.īackblaze, an online backup service, is set to go public on Thursday. The company has a strong track record and is well-positioned for continued success.
“In conclusion, backblaze nasdaq thursday 100m ipo 650mnovetcnbc is an excellent investment opportunity. The company provides cloud backup services for consumers and businesses. Backblaze was founded in 2007 and is headquartered in San Mateo, California. The offering is expected to close on Tuesday, October 2, 2018. Backblaze has granted the underwriters a 30-day option to purchase up to an additional 975,000 shares of common stock at the IPO price. The company said it will offer 6.5 million shares of its common stock at a price of $15.00 per share. Backblaze, an online backup service, announced on Thursday that it has priced its initial public offering at $100 million.
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