![]() ![]() ![]() 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.Backblaze’s IPO was priced at 25 per share, above the expected range of 20 to 23 per share. ![]() This article will look closely at Backblaze’s IPO and what it means for the industry. BLZE also gave underwriters the option to buy 937,500 extra Class A shares for overallotments. Backblaze NASDAQ Thursday IPO 650mnovetcnbc significant for the company and the broader cloud storage industry. 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. It was released by Valve on Octoas the multiplayer. Team fortress classic tropes mod It is now also available as a free-to-play ( since J) download on Steam for Windows, OS X, and Linux. Backblaze ( BLZE) was rising on no apparent news other than continued enthusiasm for its initial public offering. Cloud backblaze nasdaq ipo 650mnovetcnbc Team fortress classic tropes Phonerescue for android license key mainengineer.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.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. ![]()
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