Seeking Alpha contributor The Value Investor analyzes BLZE’s future prospects here. one for every Class A share, giving Class B stockholders 97% of the voting power. 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. 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). 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) 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. 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 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. 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. SAN MATEO, Calif., Ap(GLOBE NEWSWIRE) - Backblaze, Inc. 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. The stock jumped 24 on that first day, and then rose another 12 to 22.31. 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. Cloud backup and storage provider Backblaze reported a 27 percent revenue bounce in calendar Q1 to 19.5 million, with losses deepening to 12.5 million versus the year-ago loss of 3.7 million. Finally, BLZE stock started trading on the Nasdaq on Nov. However, sparks flew for the stock from its first trading day last Thursday. New Transfer Solution Establishes Easy Path From Any Source to B2 Cloud Storage. About a week later, the company set an IPO price of 16. The 5 analysts offering 12-month price forecasts for Backblaze Inc have a median target of 13.00, with a high estimate of 18.00 and a low estimate of 11.50.The company sold 6.3M Class A shares last week at the midpoint of its IPO’s expected $15-$17/share range. BLZE offers consumers and businesses subscriptions for cloud-based computer storage and backup.(Nasdaq: BLZE), a leading storage cloud platform, today announced results for its fourth quarter and year ended December 31. The stock has been on fire on no apparent news other than enthusiasm for its IPO. Backblaze (NASDAQ:BLZE) soared nearly 40 intraday Thursday in its first trading session following an IPO that valued the cloud-storage firm at just under 500M. 17, 2022 (GLOBE NEWSWIRE) - Backblaze, Inc. Backblaze ( BLZE) has risen in all four of its trading sessions since going public last week. Backblaze Inc is seeking to hire investment banks for an initial public offering (IPO) in 2021 that could value the cloud storage and backup software provider at around 1 billion, people familiar. That’s up 6.4% in after-hours trading and 109.3% from the stock’s initial public offering price. Following the sale, the insider now directly owns 420,000 shares in the company, valued at 3,145,800. The shares were sold at an average price of 7.49, for a total transaction of 14,980.00. The shares were sold at an average price of 7.35, for a total value of 14,700.00. (NASDAQ:BLZE - Get Rating) major shareholder Kwok Hang Ng sold 2,000 shares of Backblaze stock in a transaction that occurred on Monday, August 22nd. initial public offering (IPO) on Monday, cashing in on growing demand for cloud. BLZE ended the day at a session high $31.50 and kept rising after hours, changing hands at $33.50 shortly before 6 p.m. (NASDAQ:BLZE - Get Rating) major shareholder Kwok Hang Ng sold 2,000 shares of the businesss stock in a transaction that occurred on Friday, August 19th. Cloud storage provider Backblaze Inc filed for a U.S.Backblaze (NASDAQ: BLZE) fired up investors for the fourth straight session on Tuesday, with the cloud-storage firm’s stock rising 23.5% on the day and closing almost 100% above a $16 IPO price set just last Thursday.
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