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Bloomberg
Lending Platform Blend Labs Rises in Debut After Top-End IPO
(Bloomberg) — Blend Labs Inc., a lending platform for financial companies, climbed 16% in its trading debut after raising $360 million in an initial public offering priced at the top of a marketed range.Shares of San Francisco-based Blend, which sold for $18 each in the IPO, opened trading in New York Friday at $20 and closed at $20.90, giving the company a market value of about $4.6 billion. Accounting for employee stock options, the company’s diluted value of more than $5.8 billion.Blend co-f
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