Tech Company BlackLine Surges in its First Day of Nasdaq Trading: TheStreet

TheStreet

Published on Oct 28, 2016

Cloud-based software company BlackLine surged int its Nasdaq trading debut on Friday. BlackLine priced 8.6 million shares at $17, and the stock surged more than 40% shortly after it opened for trading. BlackLine makes software for the accounting and finance industry, automating what is currently done manually. Therese Tucker, BlackLine's CEO, says the company has a strong history of growing revenues and adding new customers, both internationally and domestic. For the six months ending in June, the company's revenues totaled $55.6 million, and it had a net loss of $16.9 million. BlackLine has 1,500 customers in 120 countries.

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https://www.blackline.com/

Behind the scenes at Nasdaq! 📽 📷@zachdeming: Behind the scenes at @nasdaq... @blacklinehq CEO,… https://t.co/gOlMtWUzVo

— BlackLine (@BlackLineHQ) October 28, 2016