Backblaze, Inc.

Backblaze, Inc. (BLZE) priced its initial public offering on Nov 12, 2021 at $16.00 per share, within its $15.00–$17.00 range, raising $100M. At the IPO price its market capitalization was about $468.4M. Oppenheimer was lead-left underwriter, joined by William Blair, Raymond James and Citizens JMP and others. Gunderson Dettmer advised the company and White & Case advised the underwriters.

Backblaze, Inc. operates a storage cloud platform that lets businesses and consumers store, use and protect data affordably. Its services run on web-scale software infrastructure built on commodity hardware.

Status

IPO

Ticker

BLZE

Priced

Nov 12, 2021

IPO price

$16.00

Price range

$15.00–$17.00

Raised

$100M

Market cap at IPO price

$468.4M

First filed

Oct 18, 2021

Underwriters

Oppenheimer, William Blair, Raymond James, Citizens JMP, B. Riley and Lake Street

Company counsel

Gunderson Dettmer

Underwriters' counsel

White & Case

Sector

Technology

Country / state

CA

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.