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. 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. Beck Blaze came to the fore this week after generating only 16 million in revenue in the second quarter. Since its initial public offering (IPO) at 16 per share on Nov. One is called Backblaze B2 Cloud Storage. However, sparks flew for the stock from its first trading day last Thursday. Cloud backup service Backblaze added 100M to its Nasdaq on Thursday, up 24 from its initial launch and 12 on Friday, after raising 100M in its IPO, giving it a market cap of 650M. What really sets Backblaze apart and will potentially disrupt the industry are the company’s two main cloud services.Participation from Market Makers and ECNs is strictly voluntary and as a result. ET) and the After Hours Market (4:00-8:00 p.m. The company sold 6.3M Class A shares last week at the midpoint of its IPO’s expected $15-$17/share range. Investors may trade in the Pre-Market (4:00-9:30 a.m. Cloud-Backup: zuverlässige Datensicherung für Unternehmen. BLZE offers consumers and businesses subscriptions for cloud-based computer storage and backup.The stock has been on fire on no apparent news other than enthusiasm for its IPO. Backblaze ( BLZE) has risen in all four of its trading sessions since going public last week. That’s up 6.4% in after-hours trading and 109.3% from the stock’s initial public offering price.
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