Yext announces pricing of initial public offering

Yext announces pricing of initial public offering

13/04/2017 12:47

Yext, Inc., the Knowledge Engine provider, today announced the pricing of its initial public offering of 10,500,000 shares of its common stock at a public offering price of USD 11.00 per share.

The shares are expected to begin trading on the New York Stock Exchange on April 13, 2017, under the symbol “YEXT,” and the offering is expected to close on April 19, 2017, subject to customary closing conditions. Yext, Inc. has granted the underwriters a 30-day option to purchase up to an additional 1,575,000 shares of common stock to cover over-allotments, if any.

Morgan Stanley, J.P. Morgan and RBC Capital Markets are acting as the bookrunners for the offering. Pacific Crest Securities, a division of KeyBanc Capital Markets, and Piper Jaffray are acting as co-managers.

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