![]() This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.Ībout Backblaze: Backblaze makes it astonishingly easy to store, use, and protect data. ![]() Petersburg, FL 33716, email: telephone: 80. Attention: Prospectus Department, 150 North Riverside Plaza, Chicago, IL 60606, or by telephone at (800) 621-0687 or by email at or Raymond James & Associates, Inc., 880 Carillon Parkway, St. Inc., Attention: Syndicate Prospectus Department, 85 Broad St., 26th Floor, New York, NY 10004, by telephone at (212) 667-8055, or by email at William Blair & Company, L.L.C. Alternatively, copies of the prospectus related to the offering may be obtained, when available, from Oppenheimer & Co. You may get these documents for free by visiting the SEC website at. The offering is being made only by means of a prospectus. Riley Securities acting as joint book-running managers, and Lake Street acting as the co-manager for the offering.Ī registration statement relating to this offering was declared effective by the Securities and Exchange Commission on November 10, 2021. Oppenheimer & Co., William Blair and Raymond James are acting as lead book-running managers for the offering, with JMP Securities and B. 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.īackblaze’s Class A common stock is expected to begin trading on the Nasdaq Global Market on Novemunder the ticker symbol "BLZE." The offering is expected to close on November 15, 2021, subject to the satisfaction of customary closing conditions. ("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. "So far the response has been overwhelmingly positive.SAN MATEO, Calif., November 11, 2021-( BUSINESS WIRE)-Backblaze, Inc. In an interview, Budman was upbeat about the change. "We believe that we have the lowest cost of storage in the industry," Budman said.Įxisting customers can sign up for an extra year now at the older $50 rate through March 12. Carbonite charges $72 per year compared to Backblaze's $60 annual billing rate, but Carbonite's price rises to $112 per year if you include external drives and $150 for the option of data recovery drives by mail, options that don't cost extra at Backblaze. ![]() Other rivals include OpenDrive, which charges $10 per month, Livedrive Internet, which charges $8 per month, and Carbonite. "By making this decision now, we are ensuring we can continue to offer unlimited backup and keep improving our computer backup service."īackblaze is notable for offering unlimited backup, a business feat that's been difficult for competitors like Code42's Crashplan, which exited the consumer market and now sells to businesses for $10 per month. ![]() "It was not a decision we took lightly," Budman said. But the company has to fund the development of new features, and the storage price declines no longer match the increasing per-user storage demands, Chief Executive Gleb Budman said in a blog post Tuesday. That's a bummer if you're already absorbing price increases for Netflix or Amazon Prime or choosing to pay for services like Apple's iCloud and Google Photos. Online backup specialist Backblaze raised monthly prices from $5 to $6 on Tuesday - its first price increase since launching in 2008 with unlimited data storage.
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