Friday, October 28, 2016

BlackLine Soars In IPO Debut

Woodland Hills-based BlackLine Software, the developer of accounting close software, soared in its IPO debut on Friday, and was trading up more than 45 percent in morning trading on the NASDAQ Global Select Market. BlackLine was trading around $24.79 at around 12:50PM EDT, up $7.79 from its IPO debut price of $17.00 per share. BlackLine had already priced at the high end of an upped IPO pricing range of between $16.00 to $17.00 per share. BlackLine is now trading as BL.