cloud backblaze nasdaq ipo 650mnovetcnbc

#Cloud backblaze nasdaq ipo 650mnovetcnbc software

Oppenheimer & Co, William Blair and Raymond James are the lead underwriters on Backblaze's offering. In the cloud storage space, it competes with the likes of Inc's Amazon Web Services, although Backblaze targets smaller companies.Īccording to a report by Research and Markets, the global market for cloud computing services is projected to reach a revised size of $937.5 billion by 2027, growing at a compound annual rate of 17% over the seven years since 2020. It has since expanded into cloud storage, with over half a million overall customers across more than 175 countries.

#Cloud backblaze nasdaq ipo 650mnovetcnbc software

San Mateo, California-based Backblaze, led by co-founder Gleb Budman, started in 2007 selling backup software to consumers and companies. BackBlaze said it intends to list on the Nasdaq Global Market under the ticker symbol BLZE.

Reported in November that Backblaze was seeking to hire investment banks for a 2021 IPO that could value it at around $1 billion. Cloud-storage company BackBlaze files for IPO Mike Murphy. initial public offering (IPO) on Monday, cashing in on growing demand for cloud computing from businesses expanding their digital offerings during the COVID-19 pandemic.

is looking to go public in the US stock markets as demand for cloud computing surged during the COVID-19 pandemic. Cloud-based storage space provider Backblaze, Inc. San Mateo, California-based Backblaze, led by co-founder. The core platform of Backblaze's cloud services is the Backblaze Storage Cloud, and it keeps over 500 billion files available on demand. Cloud storage provider Backblaze Inc filed for a U.S. Reuters reported in November that Backblaze was seeking to hire investment banks for a 2021 IPO that could value it at around 1 billion.