BlackLine Announces Pricing of Initial Public Offering

On October 27, 2016, BlackLine, a leading provider of financial controls and automation solutions that enable continuous accounting, announced the pricing of its initial public offering of 8,600,000 shares of its common stock at a price to the public of $17.00 per share. The shares began trading on the Nasdaq Global Select Market on October 28, 2016, under the ticker symbol "BL." Wilson Sonsini Goodrich & Rosati is advising BlackLine in the offering.

The company has granted the underwriters a 30-day option to purchase up to 1,290,000 additional shares. Goldman, Sachs & Co. and J.P. Morgan are acting as joint book-running managers for the offering, while Pacific Crest Securities, Raymond James, William Blair, and Baird are acting as co-managers. The offering is expected to close on November 2, 2016, subject to customary closing conditions.

The WSGR team advising BlackLine in the offering includes partners Jeff Saper, Katie Martin, Allison Spinner, and Lisa Stimmell and associates Shannon Delahaye, Lauren Lichtblau, Andy Gillman, Wendy Guo, and Emily Ly.

For more information, please see BlackLine's press release.