BladeLogic Ups IPO Terms

BladeLogic Inc., a Lexington, Mass.-based provider of data center automation software, has raised its IPO pricing range from $12-$14 per share to $16-$17 per share. It still plans to offer five million common shares, and trade on the Nasdaq under ticker symbol BLOG. Morgan Stanley and Merrill Lynch are serving as co-lead underwriters. BladeLogic would be valued at over $440 million, if it were to price at the high end of its range. The company has raised around $35 million in total VC funding since its 2001 inception, from firms like Battery Ventures (21.3% pre-IPO stake), Bessemer Venture Partners (21.7%), Globespan Capital Partners (17.2%) and MK Capital (7.2%).