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. 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. 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.That’s up 6.4% in after-hours trading and 109.3% from the stock’s initial public offering price. Backblaze ( BLZE) has risen in all four of its trading sessions since going public last week. BLZE offers consumers and businesses subscriptions for cloud-based computer storage and backup.The stock has been on fire on no apparent news other than enthusiasm for its IPO. Cloud-Backup: zuverlässige Datensicherung für Unternehmen. Investors may trade in the Pre-Market (4:00-9:30 a.m. The company sold 6.3M Class A shares last week at the midpoint of its IPO’s expected $15-$17/share range. ET) and the After Hours Market (4:00-8:00 p.m. What really sets Backblaze apart and will potentially disrupt the industry are the company’s two main cloud services.Participation from Market Makers and ECNs is strictly voluntary and as a result. LONDON, UK: Backblaze Inc., a leading cloud storage platform has priced its initial public offering of 6.25 million shares of its Class A common stock at a price to the public of 16 per share, for gross proceeds to Backblaze of 100 before underwriting discounts, commissions, and offering expenses payable by Backblaze. Cloud backup service Backblaze added 100M to its Nasdaq on Thursday, up 24 from its initial launch and 12 on Friday, after raising 100M in its IPO, giving it a market cap of 650M. However, sparks flew for the stock from its first trading day last Thursday. One is called Backblaze B2 Cloud Storage. But the company has gotten to this point on just 3 million in funding its IPO could deliver up to 100 million in new funding, which would go a long way toward building out its. Since its initial public offering (IPO) at 16 per share on Nov. Backblaze is not exactly an enterprise cloud juggernaut: It recorded 53.8 million in revenue last year, only 14.2 million of which came from its B2 service. Weave Communications, Winc, and Lulu’s Fashion Lounge Holdings fell. 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.īeck Blaze came to the fore this week after generating only 16 million in revenue in the second quarter. Vaxxinity, a biotech, gained more than 27 in its market debut Thursday, while Backblaze, a cloud storage platform, rose 19. Backblaze Thursday 100m IPO 650mnovetcnbc announces Thursday 100 million dollar IPO with a 650 million dollar valuation, as reported by CNBC. 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. Introduction Backblaze Thursday 100m IPO 650mnovetcnbc, a cloud storage company, announced its plan to go public on Thursday with an.
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