Blackboxstocks, which provides a web-based software platform for stock and options traders, filed on Tuesday with the SEC to raise up to $20 million in an initial public offering. The company is currently listed on the OTC (BLBX).
Blackboxstocks states that it is a financial technology and social media hybrid platform offering real-time proprietary analytics and news for stock and options traders of all levels. Its web-based software (the "Blackbox System") employs predictive technology enhanced by AI, and continuously scans the NYSE, Nasdaq, CBOE, and other options markets, analyzing over 8,000 stocks and over 1,000,000 options contracts multiple times per second. The company employs a subscription based SaaS business model and maintains a growing base of users that currently spans 42 countries.
The Dallas, TX-based company was founded in 2011 and booked $5 million in revenue for the 12 months ended June 30, 2021. It plans to list on the Nasdaq under the symbol BLBX. Alexander Capital is the sole bookrunner on the deal. No pricing terms were disclosed.
