BladeLogic IPO Priced at $17 a Share
July 25th, 2007 By: Rich Miller
Data center automation software provider BladeLogic Inc. today priced its initial public offering at $17 per share, well above the $12 to $14 range projected in the company’s prior SEC filings. The company plans to sell 5 million shares, which would value the IPO at about $85 million. Bladelogic will trade on NASDAQ under the symbol BLOG.
The Waltham, Mass. company’s IPO may benefit from increased interest in data center automation technologies in the wake of HP’s $1.6 billion acquisition on Opsware on Monday. BladeLogic announced its IPO plans in April. The company has raised $29 million in four rounds of financing from investors including Battery Ventures, Bessemer Venture Partners, Globespan Capital Ventures and MK Capital.