BlackLine Inc. has priced its follow-on public offering 3.5 million shares at $33 per share, the company announced Thursday.
The Woodland Hills accounting software developer filed papers with the Securities and Exchange Commission on May 12 for a secondary offering of its common stock. The company had its initial public offering in October.
The shares for sale will come from existing stockholders and BlackLine won’t receive any money from the transaction.
The offering is expected to close May 31.
BlackLine (BL) shares closed Thursday up $1.60, or 4.8 percent, to $34.99 on the Nasdaq.