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Woodland Hills-based BlackLine Systems has filed for an IPO, saying in an S-1 filing that it is looking to raise up to $100M in an IPO on the NASDAQ Global Select Market as BL. BlackLine is venture backed by SilverLake Sumeru and ICONIQ, and led by Therese Tucker. The IPO is being underwritten by Goldman, Sachs & Co.,
The funding was led by Montreux Equity Partners, and also included SilverLake Partners and the company's existing investors. The company said the funding goes towards further product development and to expand its market access. READ MORE>>.
BlackLine, which was founded and is led by CEO Therese Tucker, is selling 8,600,000 shares of its common stock, and intends to list on the NASDAQ Global Select Market as BL. BlackLine is venture backed by SilverLake Sumeru and ICONIQ.
BlackLine will start trading Friday morning on the NASDAQ Global Select Market as BL. Morgan, along with Pacific Crest Securities, a division of KeyBanc Capital Markets, Raymond James, William Blair and Baird. BlackLine is backed by SilverLake Sumeru and ICONIQ, but was initially bootstrapped by its management team.
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