![]() ![]() So, color us more than curious.īut before we sign off, we have new numbers from Backblaze that give us a nibble at its Q3 results. Backblaze has filed a registration statement on Form S-1 with the Securities and Exchange Commission (the SEC) to offer 6,250,000 shares of its Class A common stock to the public. 3andi ghire nti, Gm vs mayor war, Backblaze server 2012 r2. (Backblaze), a leading storage cloud platform, today announced that it has launched the roadshow for its initial public offering. And when double-digit multiples applied to profit and not revenue. Sunday morning ukulele story, Cerwin vitamina c, Final fantasy vii guide book item. Its IPO is a harkening back to the time when it was somewhat difficult to convince private-market investors to value your company in the nine-figures, let alone 10. Which makes Backblaze nearly unique from our perspective. The examples roll from memory: Robinhood was worth dozens of billions when it went public Coinbase was as well when it direct listed NerdWallet is going to be a public unicorn merely on the strength of the written word and AllBirds? More like AllUnicorn. Indeed, even some of the smaller or less traditional companies that we’ve seen debut in recent quarters have had valuations north of $1 billion. ![]() Which is notable given the sheer heft of many tech companies we’ve seen go public lately. That means that Backblaze is going public as a non-unicorn. Quick extrapolation indicates that at the top end of its price range, Backblaze’s IPO could value the storage firm at $684.3 million. 11, Backblaze ( BLZE 0.48) has already seen its stock price surge by more than 100, and is currently trading around 31 a share. Notably the company’s fully diluted valuation is quite a bit higher, with Renaissance Capital reporting that at $16 per share, Backblaze’s valuation inclusive of shares that have been earned, if not yet exercised via options or similar, to be $644 million. Since its initial public offering (IPO) at 16 per share on Nov. And it has, namely an S-1/A filing indicating that the company expects to price its IPO between $15 and $17 per share.Īt its IPO price range and 28,545,893 shares expected to be outstanding after its IPO, Backblaze is worth $428.2 million to $485.3 million. Since it was smaller in revenue terms than most tech companies going public these days, we deferred on judging its worth until Backblaze itself provided some guidance. ![]() But when it came to pricing, we had little idea of how to value the company. With a central core of content to help power customer acquisition and a huge swath of customers, it was an interesting cloud storage play. When Backblaze first filed to go public, TechCrunch found it a compelling company. ![]()
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