8/16/2023 0 Comments Backblaze ipo date![]() The Company’s objective is to generate an attractive rate of return for shareholders, predominantly through capital appreciation. TMT Investments invests in high-growth technology companies across a number of core specialist sectors and has a significant number of Silicon Valley investments in its portfolio.įounded in 2010, TMT has a current investment portfolio of over 50 companies and net assets of US$218 million as of 30 June 2021. ![]() ![]() is a portfolio company of TMT Investments. LONDON, UK: Backblaze Inc., a leading cloud storage platform has priced its initial public offering of 6.25 million shares of its Class A common stock at a price to the public of $16 per share, for gross proceeds to Backblaze of $100 before underwriting discounts, commissions, and offering expenses payable by Backblaze.īackblaze’s Class A common stock is expected to begin trading on the Nasdaq Global Market on 11 November 2021 under the ticker symbol “BLZE.” The offering is expected to close on 15 November 2021, subject to the satisfaction of customary closing conditions.Īt the placing price of $16 per share, the value of TMT’s investment in Backblaze is valued at approximately $59.8 million, which represents a revaluation uplift of $1.8 million (or 3.2 per cent) in the value of TMT’s investment in Backblaze, compared to the previously announced valuation as of 30 June 2021 (adjusted for the value of TMT’s additional investment made in Backblaze in the second half of 2021).īackblaze Inc. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |