Accounting software maker BlackLine filed for an initial public offering with U.S. securities regulators on Friday, looking to ride on the recent success of technology offerings in a relatively quiet year for IPOs.
Reuters reported last week that the company was preparing for an IPO that could value it at more than $1 billion.
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Demand for tech offerings has been robust, and on Friday shares of Nutanix, an enterprise data storage provider, more than doubled in their market debut.
Nutanix sold 14.87 million shares, more than the expected 14 million, and priced them above the anticipated range of $13 and $15.
BlackLine said it plans to list its shares on the Nasdaq under the symbol “BL.”
The IPO would raise up to $100 million, according to the filing.
The amount of money a company says it plans to raise in its first IPO filing is usually a placeholder.