Blend Labs, Inc.

Blend Labs, Inc. (BLND) priced its initial public offering on Jul 16, 2021 at $18.00 per share, raising $360M, and listed on NYSE. At the IPO price its market capitalization was about $3.95B. Goldman Sachs was lead-left underwriter, joined by Allen & Company, Wells Fargo and KeyBanc and others. Wilson Sonsini advised the company and Goodwin Procter advised the underwriters.

Blend Labs, Inc. offers a cloud-based software platform for financial services firms that supports the consumer journey for banking products. It streamlines the process from starting a loan or deposit account application through digitally signing the final documents.

Status

IPO

Ticker

BLND

Exchange

NYSE

Priced

Jul 16, 2021

IPO price

$18.00

Raised

$360M

Market cap at IPO price

$3.95B

First filed

Jun 21, 2021

Underwriters

Goldman Sachs, Allen & Company, Wells Fargo, KeyBanc, Truist, UBS, Piper Sandler, William Blair, Canaccord Genuity, Drexel Hamilton, Loop Capital and Ramirez & Co.

Company counsel

Wilson Sonsini

Underwriters' counsel

Goodwin Procter

Sector

Technology

Country / state

CA

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.