The Salesforce-backed banking software producer floated at the top of its range and saw its shares rise on their first day of trading.
US-based lending software provider Blend Labs floated on Friday in a $360m initial public offering representing an exit on the New York Stock Exchange for enterprise software producer Salesforce.
The company priced 20 million class A shares at the upper end of the IPO’s $16 to $18 range. They opened at $20.00 on Friday and closed at $20.90.
Blend has developed a cloud software platform which helps financial services providers streamline the loans process. Its net loss rose from…
