Blackboxstocks, which provides analytics for stock and options traders, announced terms for its IPO on Friday.
The Dallas, TX-based company plans to raise $9 million by offering 1.4 million shares at $6.99, the November 3 close of its shares on the OTC (BLBX). At the proposed price, Blackboxstocks would command a fully diluted market value of $84 million.
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.
Blackboxstocks 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.
