MeridianLink (MLNK) IPO Opens Higher, Trends Lower

Today's IPO for MeridianLink, Inc. (NYSE: MLNK) opened for trading earlier at $26.50 after pricing 13,200,000 shares of common stock at a public offering price of $26.00 per share. Shares have since traded down to $25.49.

BofA Securities, Credit Suisse, and Barclays are acting as lead book-running managers for the offering. Citigroup Global Markets Inc. and Raymond James & Associates, Inc. are acting as book running managers, and BTIG, Wolfe | Nomura Strategic Alliance, Stifel, William Blair, Blaylock Van, LLC, Roberts & Ryan Investments, Inc., Samuel A. Ramirez & Company, Inc., and Tigress Financial Partners LLC are acting as co-managers.

MeridianLink is a cloud-based technology company that enables banks, credit unions, mortgage lenders, specialty lending providers, and consumer reporting agencies to streamline loan decision making, loan origination, and customer collection workflows.

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