![]() Oppenheimer & Co., William Blair and Raymond James are acting as lead book-running managers for the offering, with JMP Securities and B. In addition, the underwriters of the initial public offering have a 30-day option to purchase up to an additional 937,500 shares of Class A common stock from the Company at the initial public offering price, less underwriting discounts and commissions.īackblaze’s Class A common stock is expected to begin trading on the Nasdaq Global Market on Novemunder the ticker symbol "BLZE." The offering is expected to close on November 15, 2021, subject to the satisfaction of customary closing conditions. (“Backblaze”), a leading storage cloud platform, announced the pricing of its initial public offering of 6,250,000 shares of its Class A common stock at a price to the public of $16.00 per share, for gross proceeds to Backblaze of $100,000,000, before underwriting discounts, commissions, and offering expenses payable by Backblaze. If you’re convinced, here’s my affiliate link that’ll give you month free when you sign up, and a month free to me when you start paying for it.SAN MATEO, Calif.-( BUSINESS WIRE)-Backblaze, Inc. But a subscription where your monthly expenses can vary depending on how much data you upload/download is even more difficult to recommend to friends. I wish Backblaze B2 was the answer, which is something the company itself recommends for small quantity backups. ![]() How do you convince someone, who already doesn’t take backups seriously, to opt into a backup strategy that costs 3 times their cellular service? The Backblaze subscription is priced at almost ₹550 per month. Many of my friends have a few hundred GBs of important data that they want to back up. The problem with their subscription is their all-or-nothing approach and the lack of localized pricing. However, their raising prices are making it incredibly difficult to recommend the service to most of my friends. And for a couple of bucks more, they’ll keep your files for a whole year! I wrote down why I like the service so much the last time they raised prices. Even at $7, Backblaze offers exceptional value - you’re literally getting unlimited backup. I joined when their pricing was $5/month and only recently, they had raised their pricing to $6/month. The combination of these two trends, along with our desire to continue investing in providing a great service, is driving the need to modestly increase our prices.īackblaze is a phenomenally good backup service and I’ve been a happy customer for several years now, with two active backup licenses for my Macs. Additionally, not only have component prices not fallen at traditional rates, but recently electronic components that we rely on to provide our services have actually increased in price. However, the average backup size stored by Computer Backup customers has spiked 15% over just the last two years. We’ve invested in deduplication, compression, and other technologies to continually optimize our storage platform and drive our costs down-savings which we pass on to our customers in the form of storing more data for the same price. Over the last 14 years, we have worked diligently to keep our costs low and pass our savings on to customers. Backblaze CEO Gleb Budman, writing on the company blog:
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