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BlackLine prices IPO at $17, the high end of the revised range

October 28, 2016
BL

BlackLine, which provides a cloud-based platform for automating financial reporting, raised $146 million by offering 8.6 million shares at $17, the high end of the revised range of $16 to $17. The company had originally set a price range of $13-$15 before raising the range on Thursday morning. BlackLine plans to list on the Nasdaq under the symbol BL. Goldman Sachs and J.P. Morgan acted as lead managers on the deal.