![]() ![]() 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. ("Backblaze"), a leading storage cloud platform, announced the pricing of its initial public offering of 6,250,000 shares of its Class A common stock at a price to the public of $16.00 per share, for gross proceeds to Backblaze of $100,000,000, before underwriting discounts, commissions, and offering expenses payable by Backblaze.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. In addition, the underwriters of the initial public offering have a 30-day option to purchase up to an additional 937,500 shares of Class A common stock from the Company at the initial public offering price, less underwriting discounts and commissions.īackblaze's Class A common stock is expected to begin trading on the Nasdaq Global Market on Novemunder the ticker symbol "BLZE." The offering is expected to close on November 15, 2021, subject to the satisfaction of customary closing conditions. Oppenheimer & Co., William Blair and Raymond James are acting as lead book-running managers for the offering, with JMP Securities and B. ![]() Riley Securities acting as joint book-running managers, and Lake Street acting as the co-manager for the offering.Ī registration statement relating to this offering was declared effective by the Securities and Exchange Commission on November 10, 2021. The offering is being made only by means of a prospectus. You may get these documents for free by visiting the SEC website at. Alternatively, copies of the prospectus related to the offering may be obtained, when available, from Oppenheimer & Co. Inc., Attention: Syndicate Prospectus Department, 85 Broad St., 26th Floor, New York, NY 10004, by telephone at (212) 667-8055, or by email at William Blair & Company, L.L.C. Attention: Prospectus Department, 150 North Riverside Plaza, Chicago, IL 60606, or by telephone at (800) 621-0687 or by email at or Raymond James & Associates, Inc., 880 Carillon Parkway, St. Petersburg, FL 33716, email: telephone: 80. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.Ībout Backblaze: Backblaze makes it astonishingly easy to store, use, and protect data. The Backblaze Storage Cloud provides a foundation for businesses, developers, IT professionals, and individuals to store, back up and archive data, host content, manage media, build their applications, and more. With nearly two exabytes of data storage under management, the company currently works with close to 500,000 customers in over 175 countries.SAN MATEO, Calif., Oct. ![]() 24, 2022 (GLOBE NEWSWIRE) - Backblaze, Inc. (Nasdaq: BLZE), the leading independent storage cloud, today announced preliminary results for Q3 of 2022. “We are pleased to announce better-than-expected Q3 revenue and adjusted EBITDA margin, in part due to strong growth in Backblaze B2 Cloud Storage, which grew over 45% year-over-year.” “In light of our participation in an upcoming investor conference, we are sharing our preliminary Q3 results,” said Gleb Budman, CEO.Revenue is expected to be between $22.0 to $22.1 million versus previous guidance of $21.4 to $21.8 million. ![]()
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