According to a new filing on Monday, Blend Labs Inc. will go public. The company files for an initial public offering and hopes to sell $100 million worth of shares, although it was not clear at press time whether that was just a placeholder used to calculate fees.
Blend actually filed confidentially in April and plans to trade its shares on the New York Stock Exchange under the symbol BLND.
The company reported a loss of $27 million, or 20 cents a share, in the January-March quarter, compared with a loss of 21 cents for the same period last year.
Revenue for the quarter rose to $32 million, from $16 million a year ago.
The company says it is working with Wells Fargo, U.S. Bank, M&T Bank, and others, as well as credit unions and mortgage lenders such as Lennar Mortgage.
Underwriters include Goldman Sachs and Allen & Co.