Blend Labs (BLND) IPO Opens 11% Higher

Today's IPO for Blend Labs (NYSE: BLND) opened at $20 after pricing 20,000,000 shares of its Class A common stock at $18.

Goldman Sachs & Co. LLC, Allen & Company LLC and Wells Fargo Securities, LLC are acting as lead book-running managers for the proposed offering. KeyBanc Capital Markets, Truist Securities and UBS Investment Bank are acting as book-running managers for the proposed offering, and Piper Sandler, William Blair, Canaccord Genuity, Drexel Hamilton, Loop Capital Markets and Ramirez & Co., Inc. are acting as co-managers for the proposed offering.

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