Shares have risen 10% to 20% or more in each the company’s first four sessions. 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. Beck Blaze came to the fore this week after generating only 16 million in revenue in the second quarter. However, sparks flew for the stock from its first trading day last Thursday. Cloud backup service Backblaze added 100M to its Nasdaq on Thursday, up 24 from its initial launch and 12 on Friday, after raising 100M in its IPO, giving it a market cap of 650M.The company sold 6.3M Class A shares last week at the midpoint of its IPO’s expected $15-$17/share range.
#Cloud backblaze nasdaq thursday friday 650mnovetcnbc Offline#
Accessible Data stored in Backblaze B2 is available for immediate downloadthere are no nearline or offline delays. BLZE offers consumers and businesses subscriptions for cloud-based computer storage and backup. Backblaze B2 Cloud Storage has 99.9 uptime backed by SLA.The stock has been on fire on no apparent news other than enthusiasm for its IPO. Backblaze, a company that backs up data on people’s computers and provides cloud-based storage space that companies use to store and retrieve files, filed to go public on the Nasdaq on Monday. Backblaze ( BLZE) has risen in all four of its trading sessions since going public last week.
That’s up 6.4% in after-hours trading and 109.3% from the stock’s initial public offering price. Participation from Market Makers and ECNs is strictly voluntary and as a result.
ET) and the After Hours Market (4:00-8:00 p.m.
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