![]() ![]() Seeking Alpha’s Donovan Jones lays out a bullish thesis for the stock here.BLZE’s pre-IPO investors include London-listed financial firm TMT Investments, which owns about 25% of the company.If you have questions on the offering, please contact a Backblaze Inc. Directed Share Program representative at 80. cloud backblaze thursday friday ipo 650mnovetcnbc. 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. former submarine company employee and web project manager for the Dutch Ministry of Justice, Sijbrandij launched GitLab in 2012 as a business built on top of an open source project created. and collaboration software that helps remote teams work together more effectively. The New York Times’ Wirecutter review site recently lauded BLZE as “the easiest to use and the best cloud backup service for most people.” The company was the first-ever on Nasdaq to livestream its entire IPO day, with about 18,000 people stopping by over the course of the broadcast, it says.The company’s subscription-based products compete with larger rivals like the S3 service from Amazon (NASDAQ: AMZN), Azure from Microsoft (NASDAQ: MSFT) and Google Cloud from Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL). BLZE offers cloud-based computer storage and backup services to both businesses and consumers.Thursday’s rally boosted that up to about $582.5M. 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. ![]() Assuming both carry the same price, that valued the company at about $468M on a non-diluted basis as of its IPO. ![]() Backblaze was founded in 2007 and is headquartered in San Mateo, California. The company provides cloud backup services for consumers and businesses. In conclusion, backblaze nasdaq thursday 100m ipo 650mnovetcnbc is an excellent investment opportunity.
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