BlackLine Prices Offering of 4,883,873 Shares by Selling Stockholders

Mar 05, 2019

LOS ANGELES, March 04, 2019 (GLOBE NEWSWIRE) -- BlackLine, Inc. (Nasdaq: BL) today announced the pricing of an underwritten public offering of 4,883,873 shares of its common stock by investment funds affiliated with Silver Lake Sumeru, Therese Tucker, Chief Executive Officer and a member of BlackLine’s board of directors, and Mario Spanicciati, Chief Strategy Officer and a member of BlackLine’s board of directors, pursuant to an effective registration statement on Form S-3 filed with the Securities and Exchange Commission (the “Commission”), at a price to the public of $48.50 per share. BlackLine will not receive any proceeds from this offering.

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