Backblaze, Inc (BLZE) Prices 6.25M Share IPO at $16/sh

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Go back to Backblaze, Inc (BLZE) Prices 6.25M Share IPO at $16/sh

Backblaze Announces Pricing of Initial Public Offering

November 10, 2021 9:05 PM EST

SAN MATEO, Calif.--(BUSINESS WIRE)-- Backblaze, Inc. (Backblaze), a leading storage cloud platform, announced the pricing of its initial public offering of 6,250,000 shares of its Class A common stock at a price to the public of $16.00 per share, for gross proceeds to Backblaze of $100,000,000, before underwriting discounts, commissions, and offering expenses payable by Backblaze. In addition, the underwriters of the initial public offering have a 30-day option to purchase up to an additional 937,500 shares of Class A common stock from the Company at the initial public offering price, less underwriting discounts and commissions.

Backblazes Class A... More