BlackLine (BL) Prices 8.6M Common Stock IPO at $17/Share, Above Expected Range

October 28, 2016 9:03 AM EDT

Get inside Wall Street with StreetInsider Premium. Claim your 2-week free trial here.

BlackLine, Inc. (Nasdaq: BL) announced the pricing of its initial public offering of 8,600,000 shares of its common stock at a price to the public of $17.00 per share. The shares are expected to begin trading on the NASDAQ Global Select Market on October 28, 2016 under the ticker symbol "BL." BlackLine has granted the underwriters a 30-day option to purchase up to 1,290,000 additional shares. The offering is expected to close on November 2, 2016, subject to customary closing conditions.

(NOTE: The Company was recently looking for an IPO pricing range of $13 - $15 per share.)

Goldman, Sachs & Co. and J.P. Morgan are acting as joint book-running managers and Pacific Crest Securities, a division of KeyBanc Capital Markets, Raymond James, William Blair and Baird are acting as co-managers for the offering.

The offering is being made only by means of a prospectus. A copy of the final prospectus may be obtained, when available, from Goldman Sachs & Co., Attn: Prospectus Department, 200 West Street, New York, NY 10282, by telephone at (866) 471-2526, by facsimile at (212) 902-9316 or by email at prospectus-ny@ny.email.gs.com; or J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at (866) 803-9204 or by email at prospectus-eq_fi@jpmchase.com.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In






Related Categories

Corporate News, Hot Corp. News, IPOs

Related Entities

William Blair, JPMorgan, Goldman Sachs, KeyBanc, Raymond James, Robert W Baird, Pacific Crest Securities, IPO

Add Your Comment