Backblaze Is Now a Public Company(backblaze.com)
backblaze.com
Backblaze Is Now a Public Company
https://www.backblaze.com/blog/backblaze-is-now-a-public-company/
2 comments
Always liked their hard drive reports
https://www.backblaze.com/blog/backblaze-is-now-a-public-company/
It seems to have a good "IPO Pop" (going up in price), but not too much. Enough to be reasonable and increase hype, but not enough to suggest they were underpriced and therefore left money on the table.
At a ~$630-million valuation, this is a smallcap (just a bit larger than what most would consider a microcap). Looking at the business model, I'd think there's a lot of room for growth here, more so than some companies that already are considered largecaps.
Small is good, because small means more growth potential. Its harder for a $100 Billion company to grow than a $1 Billion company to grow.