BlackLine Systems Files For IPO

Woodland Hills-based BlackLine Systems has filed for an IPO, saying in an S-1 filing that it is looking to raise up to $100M in an IPO on the NASDAQ Global Select Market as BL. The IPO is being underwritten by Goldman, Sachs & Co., J.P. Morgan, Pacific Crest Securities, Raymond James, William Blair, and Baird. BlackLine is venture backed by Silver Lake Sumeru and ICONIQ, and led by Therese Tucker. Tucker owns around 15.6% of the company. BlackLine develops accounting software, which is used for managing the financial close process at companies.