Blackbaud Inc to float

Howard Lake | 4 March 2004 | News

Blackbaud Inc, the software company behind The Raiser’s Edge, is to sell shares in an Initial Public Offering (‘IPO’).

Blackbaud filed a registration statement with the Securities and Exchange Commission on 20 February 2004 indicating its proposed initial public offering of $100 million of its common stock.

If the offering goes ahead, it should ensure that Blackbaud will have much enhanced coffers with which to fund expansion and product development.