![]() Seeking Alpha contributor The Value Investor does a deep dive into BLZE here.Shares have risen 10% to 20% or more in each the company’s first four sessions. Cloud storage provider Backblaze Inc filed for a U.S. 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. One of Backblaze’s competitors is Amazon, the world’s fourth most valuable U.S. ![]() By the standards of its peers, Backblaze is a micro-cap. Backblaze ( BLZE) launched 6.25M shares of Class A common stock IPO expected to be priced between 15 and 17 per share shares are expected to trade on Nasdaq under the symbol, 'BLZE'. Backblaze raised just 100 million in its offering, less than one-twentieth the amount raised this year by companies including GlobalFoundries, Robinhood and Bumble.
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