Interested investors may set up their accounts on a trading platform and book for the pre-IPO stock. Generally, pre-IPO shares are allotted by trading platforms or registered stockbrokers having access to the common stock before a company starts trading on a stock exchange. If the IPO happens, retail investors could get a chance of buying the pre-IPO shares of the cloud services provider. Once the SEC approves the registration statement, the Backblaze common stock could start trading under the 'BLZE' stock symbol.Īlso Read: Nexii Building Solutions IPO: Can you buy Nexiite-maker's stock? The cloud storage company has not revealed the price range of the shares, and as per the documents filed with the Securities and Exchange Commission (SEC), Backblaze wants to go public on the Nasdaq Stock Market. In the cloud storage space, Backblaze competes with the giants like Amazon Web Services (AWS).
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Ever since then, the California-based company has expanded into cloud storage and has customers across 175 countries.īackblaze IPO: How to buy this cloud-based services provider's stock? In November 2020, it was first reported that Backblaze was in talks with investment banks for its public debut and was seeking a valuation of around one billion US dollars.Įstablished in 2007, Backblaze was led by Gelb Budman and started as a company selling backup software to companies and individuals. is looking to go public in the US stock markets as demand for cloud computing surged during the COVID-19 pandemic. Cloud-based storage space provider Backblaze, Inc.
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