BlackLine Inc. has filed papers with the Securities and Exchange Commission for a secondary offering of its common stock, the company announced Friday.
In its filing, the Woodland Hills accounting software developer said all the shares would come from existing stockholders and BlackLine won’t receive any money from the transaction. The company staged its initial public offering in October.
Goldman Sachs & Co. and J.P. Morgan will act as joint book-runners for proposed secondary offering. KeyBanc Capital Markets, Raymond James, William Blair and JMP Securities acting as co-managers.
BlackLine (BL) shares closed Friday up 5 cents, or less than a percent, to $31.92 on the Nasdaq.