BlackLine, a silver Lake-backed SaaS company offering tools for quarterly financial reporting, filed on Friday with the SEC to raise up to $100 million in an initial public offering.
BlackLine, which currently operates in the red, has backing from Silver Lake.
The Woodland Hills, CA-based company was founded in 2001 and booked $102 million in sales for the 12 months ended June 30, 2016. It plans to list on the Nasdaq under the symbol BL. BlackLine filed confidentially on February 12, 2016. Goldman Sachs and J.P. Morgan are the joint bookrunners on the deal. No pricing terms were disclosed.
