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

October 28, 2016 9:03 AM EDT

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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; 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

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