![]() In this heading, we will look at the potential changes and implications for Backblaze customers and what it means for the company’s future. While this may mean new investors and potential growth for the company, it’s important to understand what this means for Backblaze customers. All backups are verified regularly with automated checksums that remain encrypted until they reach the final destination-allowing customers peace of mind regarding reliable backup operations and data integrity.īackblaze is now a public company, meaning its stock is available to trade on the public market. Customers will also maintain full control over their accounts by enabling access control features such as two-factor authentication or other methods like single sign on (SSO). All communication between a customer and Backblaze is encrypted using highly secure TLS 1.2 (Transport Layer Security) protocols to ensure there is no risk of interception of account information by third parties during transmission. Customers will receive a secure online account with a unique password and login credentials. ![]() When signing up for Backblaze, customers will have a comprehensive understanding of their data security measures, allowing them to make informed decisions about how they wish to protect their information. This article explains what this means for customers now and in the future, discussing key topics like security protocols, encryption, access control and data integrity. ![]() Backblaze’s security features are designed to ensure the safety of customer data and privacy. ![]() That includes what has Altimeter Growth ( NASDAQ: AGC) falling, what to know about Hedera Hashgraph (CCC: HBAR-USD), as well as the news sending Lordstown Motors ( NASDAQ: RIDE) stock higher.Backblaze is an online backup service that allows customers to protect their digital information in the cloud. InvestorPlace has all the latest stock news that traders need to know about today. InvestorPlace - Stock Market News, Stock Advice & Trading Tips There’s plenty more news worth diving into below! They are also all still together working at Backblaze. These co-founders had been working together for 20 years before creating Backblaze.ĭuring that time, they launched two other companies. The company was created by seven co-founders that built their own storage solutions. The company currently has about 500,000 customers across more than 175 countries. Users can also make use of the company’s services to host content, manage media, build apps, and more. Riley Securities are serving as the joint book-running managers for it.įinally, Lake Street is acting as the co-manager of the IPO.ħ F-Rated Stocks to Sell Before We Reach Christmasīackblaze is a cloud storage company that makes it easy for users to save their data. Oppenheimer & Co., William Blair and Raymond James are the lead book-running managers for the offering. Underwriters also have a 30-day option to purchase an additional 937,500 shares at the IPO price. This has Backblaze expecting gross proceeds of $100 million from the IPO. It’s also worth noting that the offering includes 6.25 million shares. It’s pricing these shares at $16 each, which is the midpoint of its previous range of $15 to $17 per share. Let’s jump into all the details traders need to know about the Backblaze IPO.įirst off, the company plans to list shares of BLZE stock on the Nasdaq Exchange. An image of a cloud imprinted on a circuit board lit up by blue circuit lights representing the backblaze IPO and stock.
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