Blackline surges 40% in software IPO

Blackline, a Los Angeles-based accounting software company, debuted in the U.S. markets Friday. After pricing at $17 per share, the stock closed at $23.70. In what has been a slow year for tech IPOs, Blackline decided to go public right now because it’s “part of a longer term plan to raise awareness for what we do,” said CEO Therese Tucker. She said the IPO, which raised… Read More...