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IPO Report: Cloud-storage company BackBlaze files for IPO – Vested Daily

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

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