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Fidelity is handling the IPO and if you have been a customer of BackBlaze for a while apparently you will get to buy before public, up to 1,000 shares between $

by braum 5y ago

Fidelity is handling the IPO and if you have been a customer of BackBlaze for a while apparently you will get to buy before public, up to 1,000 shares between $15-17 per share. That is my understanding.

benburleson 5y ago
That seems pretty huge, if true.
- knowfilter 5y ago
  bigly huge
toomuchtodo 5y ago
A family member and I are both Backblaze customers, they received a surveymonkey link to indicate interest in an IPO share allocation through Fidelity. If there’s a way to get on that list, I’m interested if anyone knows.
- jdgoesmarching 5y ago
  I just found it in my spam. It was sent on Oct 22nd, you had to reply by Oct 27th. Damn.
jonplackett 5y ago
Here did you hear about this?
braum 5y ago
Well I'm a BackBlaze customer and have been for a year or more. Not sure what else would qualify me to be part of the IPO before it goes public. Also AFAIK there is nothing preventing them from allowing customers to be part of it, but there may be a limiting factor. Some way to narrow the list. I have more than one computer subscribed, that could be part of the filter.
FfejL 5y ago
Not sure where you're getting those numbers. I've been a Backblaze customer for 10+ years, and I was contacted about the directed share program. Have not heard about price or volume yet.
- anamexis 5y ago
  The S-1 does not detail any maximum number of shares for the directed share program, but it does have the expected price near the top. > We expect the public offering price to be between $15.00 and $17.00 per share.
- mey 5y ago
  How were you contacted? Been a customer for some time. Looking at my billing history looks like 2013. Must not be long enough :(
  - ryanmercer 5y ago
    Not who you replied to but I got an email October 22nd "Pre-Registration for Potential IPO Directed Share Program " telling me to express interest, did, then October 28th got an email from Fidelity "Backblaze Directed Share Program - Account Opening Invitation" giving me until the 9th to open a Fidelity brokerage account.
    - braum 5y ago
      yep. that is how it worked for me as well
    - robbiemitchell 5y ago
      Customer since 2010. No email :(
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feifan 5y ago
I also see their IPO showing up in Robinhood's IPO Access list (i.e. available for purchase at the IPO price)
- jcpham2 5y ago
  Yes RH appears willing to take my money now for shares that I may or may not receive when the symbol goes live ~20.64
- caymanjim 5y ago
  Not sure what Robinhood's selection criteria are, but participation isn't guaranteed.
latchkey 5y ago
I was contacted about the directed share program. My last IPO participation was RHAT in 2000. Apparently, Fidelity got my birthday wrong in their system from that last IPO and is now refusing to allow me access to their system until I fill out 5 pages of forms (which I can mail or fax in) or drive into a local office to sort things out. Good times!
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wcfields 5y ago
150 shares were offered in the "Backblaze Directed Share Program", and I've been a customer since 2011.

by braum 5y ago

benburleson 5y ago

That seems pretty huge, if true.

knowfilter 5y ago
bigly huge

toomuchtodo 5y ago

A family member and I are both Backblaze customers, they received a surveymonkey link to indicate interest in an IPO share allocation through Fidelity. If there’s a way to get on that list, I’m interested if anyone knows.

jdgoesmarching 5y ago
I just found it in my spam. It was sent on Oct 22nd, you had to reply by Oct 27th. Damn.

jonplackett 5y ago

Here did you hear about this?

braum 5y ago

Well I'm a BackBlaze customer and have been for a year or more. Not sure what else would qualify me to be part of the IPO before it goes public. Also AFAIK there is nothing preventing them from allowing customers to be part of it, but there may be a limiting factor. Some way to narrow the list. I have more than one computer subscribed, that could be part of the filter.

FfejL 5y ago

Not sure where you're getting those numbers. I've been a Backblaze customer for 10+ years, and I was contacted about the directed share program. Have not heard about price or volume yet.

anamexis 5y ago
The S-1 does not detail any maximum number of shares for the directed share program, but it does have the expected price near the top. > We expect the public offering price to be between $15.00 and $17.00 per share.
mey 5y ago
How were you contacted? Been a customer for some time. Looking at my billing history looks like 2013. Must not be long enough :(
- ryanmercer 5y ago
  Not who you replied to but I got an email October 22nd "Pre-Registration for Potential IPO Directed Share Program " telling me to express interest, did, then October 28th got an email from Fidelity "Backblaze Directed Share Program - Account Opening Invitation" giving me until the 9th to open a Fidelity brokerage account.
  - braum 5y ago
    yep. that is how it worked for me as well
  - robbiemitchell 5y ago
    Customer since 2010. No email :(
deleted 5y ago
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feifan 5y ago

I also see their IPO showing up in Robinhood's IPO Access list (i.e. available for purchase at the IPO price)

jcpham2 5y ago
Yes RH appears willing to take my money now for shares that I may or may not receive when the symbol goes live ~20.64
caymanjim 5y ago
Not sure what Robinhood's selection criteria are, but participation isn't guaranteed.

latchkey 5y ago

I was contacted about the directed share program. My last IPO participation was RHAT in 2000. Apparently, Fidelity got my birthday wrong in their system from that last IPO and is now refusing to allow me access to their system until I fill out 5 pages of forms (which I can mail or fax in) or drive into a local office to sort things out. Good times!

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[deleted]

wcfields 5y ago

150 shares were offered in the "Backblaze Directed Share Program", and I've been a customer since 2011.