![]() ![]() Class A common stock has been declared effective by the SEC and the offering is priced at $16.00 with the offering size being 6,250,000 shares. To be eligible for an allocation of shares in this offering, you MUST confirm your indication of interest through the Backblaze Directed Share Program website using the link below or by calling 80 by Midnight ET TONIGHT. If you confirm your indication of interest, but decide that you do not want to purchase the shares, you must withdraw your confirmed indication prior to 7:00 AM ET tomorrow morning.Ĭonfirmed indications are orders to buy shares of Backblaze Class A common stock and may be accepted in whole, or in part, or not at all by Fidelity Brokerage Services LLC. Allocation of shares will occur tomorrow morning by 9:00 AM ET. If you are allocated shares in the offering, you are obligated to pay for the shares in full by the settlement date, which is currently expected to be November 15, 2021. Payment for shares must be made by check, electronic funds transfer or wire. ![]() Credit card, third-party checks, cash or using the proceeds from the sale of allocated shares are not acceptable means of payment. If you already have cash in your Fidelity account sufficient to pay for the shares, it will automatically sweep to pay for the shares on settlement. To confirm your indication of interest through the Backblaze DSP website Click Here You will receive an email once shares are allocated, which we expect by 9:00 AM ET tomorrow morning, November 11, 2021. ![]() The number of Shares you request must be for your own personal account and not for any other person. There is no assurance you will be able to obtain any or all of the number of Shares you request. If you have questions on the offering, please contact a Backblaze Inc. Directed Share Program representative at 80.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.BLZE ended the day at a session high $31.50 and kept rising after hours, changing hands at $33.50 shortly before 6 p.m.That’s up 6.4% in after-hours trading and 109.3% from the stock’s initial public offering price.Backblaze ( BLZE) has risen in all four of its trading sessions since going public last week.The stock has been on fire on no apparent news other than enthusiasm for its IPO.BLZE offers consumers and businesses subscriptions for cloud-based computer storage and backup.The company sold 6.3M Class A shares last week at the midpoint of its IPO’s expected $15-$17/share range.Storage cloud platform, Backblaze (NASDAQ: BLZE) has priced its initial public offering of 6.25M shares of its Class A common stock at 16.00 per share, for gross proceeds to Backblaze of 100M. However, sparks flew for the stock from its first trading day last Thursday.BLZE saw its stock rally 24.4% in its first session to close at $19.90, and the stock’s price has only stoked higher from there. Shares have risen 10% to 20% or more in each the company’s first four sessions.Seeking Alpha contributor The Value Investor does a deep dive into BLZE here. The Company is traded on the AIM market of the London Stock Exchange. The Company’s objective is to generate an attractive rate of return for shareholders, predominantly through capital appreciation. TMT Investments invests in high-growth technology companies across a number of core specialist sectors and has a significant number of Silicon Valley investments in its portfolio.įounded in 2010, TMT has a current investment portfolio of over 50 companies and net assets of US$218 million as of 30 June 2021. is a portfolio company of TMT Investments. LONDON, UK: Backblaze Inc., a leading cloud storage platform has priced its initial public offering of 6.25 million shares of its Class A common stock at a price to the public of $16 per share, for gross proceeds to Backblaze of $100 before underwriting discounts, commissions, and offering expenses payable by Backblaze.īackblaze’s Class A common stock is expected to begin trading on the Nasdaq Global Market on 11 November 2021 under the ticker symbol “BLZE.” The offering is expected to close on 15 November 2021, subject to the satisfaction of customary closing conditions.Īt the placing price of $16 per share, the value of TMT’s investment in Backblaze is valued at approximately $59.8 million, which represents a revaluation uplift of $1.8 million (or 3.2 per cent) in the value of TMT’s investment in Backblaze, compared to the previously announced valuation as of 30 June 2021 (adjusted for the value of TMT’s additional investment made in Backblaze in the second half of 2021).īackblaze Inc. ![]()
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