IPO Report: Cloud-storage company BackBlaze files for IPO

Cloud-storage platform BackBlaze Inc. filed for an initial public offering Monday.

In a statement, the San Mateo, Calif.-based company said it has not yet determined how many shares it will offer nor a price range. An S-1 filing with the Securities and Exchange Commission said it intends to raise $100 million, which is typically a placeholder figure that will be updated at a later date. BackBlaze said it intends to list on the Nasdaq Global Market under the ticker symbol “BLZE.”

In…

This post was originally published on Market Watch

Financial News

Daily News on Investing, Personal Finance, Markets, and more!