Accounting software maker BlackLine files for IPO
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(Reuters) - Accounting software maker BlackLine Inc filed for an initial public offering with U.S. securities regulators on Friday, looking to ride on the recent success of technology offerings in a relatively quiet year for IPOs.
Reuters reported last week that the company was preparing for an IPO that could value it at more than $1 billion.
Goldman Sachs, J.P. Morgan, Raymond James, William Blair and Baird are among the underwriters for the IPO, the company said in a filing with the Securities and Exchange Commission.
Demand for tech offerings has been robust, and on Friday shares of Nutanix Inc (NASDAQ: NTNX), an enterprise data storage provider, more than doubled in their market debut.
Nutanix sold 14.87 million shares, more than the expected 14 million, and priced them above the anticipated range of $13 and $15.
BlackLine said it plans to list its shares on the Nasdaq under the symbol "BL".
The IPO would raise up to $100 million, according to the filing. (http://bit.ly/2dgtg3E)
The amount of money a company says it plans to raise in its first IPO filing is usually a placeholder.
(Reporting by Narottam Medhora in Bengaluru; Editing by Sriraj Kalluvila)
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Related EntitiesWilliam Blair, JPMorgan, Goldman Sachs, Raymond James, Robert W Baird, IPO
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