Backblaze (BLZE) IPO Opens 19% Higher

Today's IPO for Backblaze, Inc. (NASDAQ: BLZE) opened for trading at $19 after pricing 6,250,000 shares of its Class A common stock at a price to the public of $16.00 per share.

Oppenheimer & Co., William Blair and Raymond James are acting as lead book-running managers for the offering, with JMP Securities and B. Riley Securities acting as joint book-running managers, and Lake Street acting as the co-manager for the offering.

ackblaze makes it astonishingly easy to store, use, and protect data. The Backblaze Storage Cloud provides a foundation for businesses, developers, IT professionals, and individuals to store, back up and archive data, host content, manage media, build their applications, and more. With nearly two exabytes of data storage under management, the company currently works with close to 500,000 customers in over 175 countries.

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