![]() ![]() #Backblaze nasdaq friday 100m ipo 650mnovetcnbc registration#In addition, companies also utilise IPOs as opportunities to establish their brand and build awareness among more potential customers and stakeholders, while aiding existing shareholders to monetize their investments at attractive returns.īefore filing an official registration statement with the Securities and Exchange Commission (SEC), companies structuring IPOs must follow certain procedures such as road shows which involve presentations at various financial institutions across the country giving them insights into the business performance and expected prospects forward. The main objective of an IPO is to provide liquidity to existing shareholders while raising fresh capital to finance future growth plans. Therefore, investors must carefully analyse potential contenders and evaluate their risk profiles to ensure that the investment is wise. However, this newly released stock may increase in value or decline depending on market conditions and changes in investor sentiment towards the issuing business. IPOs can be seen as company events and are exciting for investors, who often have their portfolios bolstered with shares of the newly public firm. When a company completes an IPO, it becomes listed on a stock exchange for trading and can raise capital from the public markets. Overview of Initial Public Offering (IPO)Īn initial public offering (IPO) is the process by which a private company or organisation raises funds from investors to become publicly traded. Additionally, Backblaze will utilise Nasdaq’s technology platforms to share real-time insights regarding stock prices and market trends information with investors worldwide. In its IPO prospectus, Backblaze expressed its plan to use the proceeds from offering shares publicly to develop new products, enter new markets, and expand employee benefits such as stock options and retirement plans. Backblaze employs over 100 people across offices in four locations: Seattle, WA San Mateo, CA Amsterdam and London. ![]() In the years since it was founded, the company has experienced tremendous growth with its revenues increasing significantly in the last few years alone. The company also has an extensive partner network which covers over 200 companies. In addition, the company helps its customers protect their data against system failure or cyberattack.įounded in 2007, Backblaze has served over 25,000 customers from 140 countries worldwide. The company offers efficient and secure services to businesses and individual users, providing the capability to store large amounts of data cheaply. Overview of Backblazeīackblaze, a cloud-based data storage and computing provider, will debut publicly on Nasdaq on Thursday. With its new public launch, let’s take a closer look at Backblaze and what this means for its investors. ![]()
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