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Friday, Mar 29, 2024

BlackLine Files for Stock Offering

BlackLine Inc. has filed papers with the Securities and Exchange Commission for a secondary offering of its common stock, the company announced Friday. In its filing, the Woodland Hills accounting software developer said all the shares would come from existing stockholders and BlackLine won’t receive any money from the transaction. The company staged its initial public offering in October. Goldman Sachs & Co. and J.P. Morgan will act as joint book-runners for proposed secondary offering. KeyBanc Capital Markets, Raymond James, William Blair and JMP Securities acting as co-managers. BlackLine (BL) shares closed Friday up 5 cents, or less than a percent, to $31.92 on the Nasdaq.

Joel Russel
Joel Russel
Joel Russell joined the Los Angeles Business Journal in 2006 as a reporter. He transferred to sister publication San Fernando Valley Business Journal in 2012 as managing editor. Since he assumed the position of editor in 2015, the Business Journal has been recognized four times as the best small-circulation tabloid business publication in the country by the Alliance of Area Business Publishers. Previously, he worked as senior editor at Hispanic Business magazine and editor of Business Mexico.

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