We recommend that these ideas are used as inspiration, that ideas are undertaken with appropriate adult supervision, and that each adult uses their own discretion and knowledge of their children to consider the safety and suitability. Our recommended activities are based on age but these are a guide. We recognise that not all activities and ideas are appropriate and suitable for all children and families or in all circumstances. Kidadl provides inspiration to entertain and educate your children. We will always aim to give you accurate information at the date of publication - however, information does change, so it’s important you do your own research, double-check and make the decision that is right for your family. We try our very best, but cannot guarantee perfection. We strive to recommend the very best things that are suggested by our community and are things we would do ourselves - our aim is to be the trusted friend to parents. At Kidadl we pride ourselves on offering families original ideas to make the most of time spent together at home or out and about, wherever you are in the world.Backblaze, a cloud backup and storage company, announced Thursday that it has filed to go public on Nasdaq.
The company said it plans to raise up to $650 million in its initial public offering. Backblaze was founded in 2007 and is headquartered in San Mateo, California. Backblaze goes public with $650M IPOīackblaze, a cloud backup and storage company, went public on Friday with an initial public offering (IPO) that raised $650 million. The company, which was founded in 2007, priced its shares at $23 each, valuating the company at $4.4 billion. Backblaze sold 28.3 million shares in the IPO, which was led by Goldman Sachs, Morgan Stanley, and Barclays.īackblaze provides cloud backup and storage services to more than half a million customers, including businesses and individual consumers. The company has a pay-as-you-go pricing model, with customers paying for the amount of storage they use.
The company has been profitable since 2014, and generated $233 million in revenue in 2020. Backblaze plans to use the proceeds from the IPO to invest in its business and expand its product offerings. This is a big win for Backblaze and its investors, who have been waiting for the company to go public for years. The IPO gives the company a much needed influx of cash to invest in its business and expand its product offerings.įor Goldman Sachs, Morgan Stanley, and Barclays, the IPO is a major coup. The banks have been working with Backblaze for years and have been instrumental in helping the company grow. The IPO is also a big win for Nasdaq, which has been working to attract more tech IPOs. Nasdaq has been aggressively courting tech companies in recent years, and has been successful in convincing many to list on the exchange. The Backblaze IPO is another sign that the tech IPO market is heating up. After a slow start to the year, there have been a number of high-profile tech IPOs in recent months, including Airbnb, DoorDash, and Snowflake. With the Backblaze IPO, Nasdaq now has two of the three biggest tech IPOs of the year. The other is Snowflake, which raised $3.4 billion in its IPO earlier this month.
Nasdaq is quickly becoming the go-to exchange for tech IPOs. In the past year, Nasdaq has also seen IPOs from Slack, 2. Cloud storage provider Backblaze prices IPO at $23 per shareīackblaze, a cloud storage provider, priced its IPO at $23 per share on Wednesday.
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