Cloud storage provider Backblaze files for U.S. IPO

Cloud storage provider Backblaze Inc filed for a U.S. initial public offering (IPO) on Monday, cashing in on growing demand for cloud computing from businesses expanding their digital offerings during the COVID-19 pandemic.

Reuters reported in November that Backblaze was seeking to hire investment banks for a 2021 IPO that could value it at around $1 billion.