Deals

Lending Platform Blend Labs Raises $360 Million in Top-Range IPO

Nima Ghamsari, co-founder and chief executive officer of Blend in New York in 2018.Photographer: Alex Flynn/Bloomberg

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July 15, 2021 at 9:08 PM EDT

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Blend Labs Inc., a lending platform for financial companies, raised $360 million in an initial public offering price at the top of a marketed range.

San Francisco-based Blend sold 20 million Class A shares Thursday for $18 each, according to a statement. The company had marketed 20 million for $16 to $18.

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