Business software

Enterprise software companies Weave, Backblaze join IPO Blitz

By Tom Zanki (November 2, 2021, 8:10 p.m. EDT) – Enterprise software companies Weave Communications Inc. and Backblaze Inc. on Tuesday launched initial public offering plans that could raise a combined $ 233 million, under leading four law firms, joining the crowded and potentially successful November pipeline.

Weave Communications, backed by Venture, advised by Orrick Herrington & Sutcliffe LLP, told regulators it plans to offer 5 million shares at a price of between $ 25 and $ 28 apiece. The customer engagement platform would raise $ 133 million mid-term. Sullivan & Cromwell LLP represents the underwriters of the company.

Backblaze Inc., advised by Gunderson Dettmer Stough Villeneuve Franklin & Hachigian LLP, plans to offer 6.25 million shares at a price between $ 15 and …

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