Blend Labs Hits A Nearly $4 Billion Valuation As It Makes Its NYSE Debut

Blend Labs Hits A Nearly $4 Billion Valuation As It Makes Its NYSE Debut

Nima Ghamsari in the Beverly Hills home where he has worked during the pandemic as his business exploded and his software powered nearly a third of the U.S. mortgage market.

Shares of Blend Labs, a San Francisco-based mortgage software company, debuted on the New York Stock Exchange on Friday at $18, hitting the top-line IPO price of $16 to $18 per share.