In a sign of strong demand, software provider BladeLogic priced its 5 million share offering at $17, a 31% premium to its original $12-$14 range and at the high end of its recently upped range of $16-$17. The Lexington, MA-based company, which provides data center automation software to over 225 enterprises, now has a market cap of nearly $500 million. Morgan Stanley and Merrill Lynch acted as joint book-running managers for the IPO, and the stock is expected to commence trading on the NASDAQ under the ticker symbol "BLOG" on Wednesday.
