According to MarketWatch, Backblaze raised 100 million shares by selling 6.25. Shares have risen 10% to 20% or more in each the company’s first four sessions. Backblaze (NASDAQ: NASDAQ: BLZE) launched its public IPO on Thursday, and the cloud company has had a strong start.

BLZE saw its stock rally 24.4% in its first session to close at $19.90, and the stock’s price has only stoked higher from there. initial public offering (IPO) on Monday, cashing in on growing demand for cloud computing from businesses expanding their digital offerings.

However, sparks flew for the stock from its first trading day last Thursday. Cloud storage provider Backblaze Inc filed for a U.S.The company sold 6.3M Class A shares last week at the midpoint of its IPO’s expected $15-$17/share range. In honor of the occasion, Gleb Budman, CEO, rings the Closing. Not sure if Ace Data cloud, or Backblaze is the better choice for your needs No problem Check Capterra’s comparison, take a look at features, product details, pricing, and read verified user reviews. The stock’s fifty day moving average price is 5.60 and its 200 day moving average price is 9.56. BLZE offers consumers and businesses subscriptions for cloud-based computer storage and backup. Backblaze (Nasdaq: BLZE), a leading storage cloud platform, visits the Nasdaq MarketSite in Times Square in celebration of their IPO. Backblaze has a 1-year low of 4.85 and a 1-year high of 36.50.The common addressable market for public cloud infrastructure as a service or IaaS provides IDC according to Backblaze, it will be 91 billion in 2025. However, there should be even more room for growth. The stock has been on fire on no apparent news other than enthusiasm for its IPO. Backblaze claims that B2 Cloud Storage’s revenue increased by more than 60 compared to the same period last year. Backblaze ( BLZE) has risen in all four of its trading sessions since going public last week.That’s up 6.4% in after-hours trading and 109.3% from the stock’s initial public offering price. BLZE ended the day at a session high $31.50 and kept rising after hours, changing hands at $33.50 shortly before 6 p.m.Backblaze (NASDAQ: BLZE) fired up investors for the fourth straight session on Tuesday, with the cloud-storage firm’s stock rising 23.5% on the day and closing almost 100% above a $16 IPO price set just last Thursday.

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