BL News

Six IPOs raised $2.3 billion this past week, including the year's largest US offering, China's logistics giant ZTO Express. ZTO priced above the range and proceeded to drop 15% on its first day, highly unusual given its pricing premium, size and origin. In fact, all four of this week's broken IPOs raised more proceeds than expected. The IPO market's one bright spot...read more

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...read more

BlackLine, which provides a cloud-based platform for automating financial reporting, raised the proposed deal size for its upcoming IPO on Thursday. The Woodland Hills, CA-based company now plans to raise $142 million by offering 8.6 million shares at a price range of $16 to $17. Insiders still intend to purchase 825,000 shares on the IPO (10%). The company had previously filed...read more

Six companies are on the US IPO calendar to raise $2.2 billion in the week ahead, or $2.6 billion including a large SPAC. October is set to surpass September as the year's most active month for IPOs. Filing activity has slowed heading into November, as expected.

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