Not-for-profit software vendor Blackbaud has filed a shelf registration for 10 million shares that will be offered for sale by its investors and officers. The company will not sell any stock.
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The Charleston, S.C.-based company, which went public last year, saw its shares trading at $13.75 each when the prospectus was filed in January. Most shares are being offered by three related funds owned by Hellman & Friedman, which purchased Blackbaud in 1999.