BackBlaze Goes Public - Are You Buying BLZE?
Cloud service provider BackBlaze went public on Thursday on NASDAQ (BLZE), selling 6.25 million shares for $100 million. They claim to have 500,000 customers. After a day of trading, the stock closed higher at $22.04 today. Looking at their financials, I was a bit disappointed. First, they are pulling in $53 million in revenue annually, which seems surprisingly low to me. Their investor presentation claims $65m annual, wh...
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