BlackLine Inc., a provider of automation solutions foraccounting and financial controls, has filed a registration statement for aproposed initial public offering of its common stock.
The company has not yet determined the number of shares tobe offered or the price range. BlackLine intends to list its common stock onthe Nasdaq Global Select Market under the ticker symbol BL.
The company plans to use proceeds from the IPO to repay theentire outstanding balance under its credit facility and for general corporatepurposes, including working capital, research and development activities, salesand marketing activities, general and administrative matters and capitalexpenditures and to fund growth plans.
Goldman Sachs & Co. and J.P. Morgan will act as jointbook-running managers for the offering. Pacific Crest Securities, a division ofKeyBanc Capital Markets, Raymond James, William Blair and Baird will act asco-managers.