{"id":4701,"date":"2017-04-13T03:29:02","date_gmt":"2017-04-13T03:29:02","guid":{"rendered":"https:\/\/www.rsoftsolution.com\/blog\/yext-is-set-to-raise-115-5m-in-its-ipo-after-final-pricing.html"},"modified":"2017-04-13T03:29:02","modified_gmt":"2017-04-13T03:29:02","slug":"yext-is-set-to-raise-115-5m-in-its-ipo-after-final-pricing","status":"publish","type":"post","link":"https:\/\/www.rbsitsoftwaresolution.in\/blog\/yext-is-set-to-raise-115-5m-in-its-ipo-after-final-pricing.html","title":{"rendered":"Yext is set to raise $115.5M in its IPO after final pricing"},"content":{"rendered":"


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Yext today said it would price its initial public offering at $11<\/a>, meaning the company will raise around $115.5 million\u00a0in its IPO as it sets up for a debut tomorrow.<\/p>\n

Yext will be the second enterprise company in the past week alone that will make its public debut tomorrow following this pricing. With Snap\u2019s IPO seen as successful, as well as tech IPOs in general looking good so far, it seems like Yext may be able to capitalize on the appetite for freshly-public tech companies. The so-called \u201cIPO window,\u201d at least for now, appears to be open \u2014 and now it\u2019s a matter of figuring out the balance of ensuring a good pop for the company while not leaving too much money on the table.<\/p>\n

The company last said it would price its stock between $8.00 and $10.00 per share, offering 10.5 million shares (along with the option for underwriters to purchase an additional 1.6 million shares). That means it\u2019s also following the steps of Okta, which ended up settling on an optimistic price at the top end of its range. Including the option for additional shares, the so-called \u201cgreenshoe,\u201d\u00a0Yext could raise as much as $133 million.<\/p>\n

In addition to investors and employees finally getting paid out for their efforts \u2014 Yext was founded in 2006 \u2014 these events are at their core fundraising events. But even with the now-healthy demand for new tech IPOs, it\u2019s still going to be important for these companies to at the very least look<\/em> like they\u2019ve had a successful IPO and a big pop on their first days of trading.<\/p>\n

Yext filed for its IPO mid-March on the same day that Okta, an identity management software provider, publicly filed. Okta made its debut last week with a bang, finishing up more than 38% on its first day of trading following a so-far-consistent string of successful tech IPOs starting off with Snap earlier this year.<\/p>\n

Like Okta, Yext makes software that going forward will be important to businesses going forward: ensuring that businesses \u2014 large and small \u2014 get the correct locations in search engines, maps and on social media. Retailers have to adjust to a world where fewer people will be going to their websites for addresses, which means they need to tap into a company like Yext that\u2019s already built the infrastructure with all the necessary partners to make sure the addresses and locations are accurate.<\/p>\n

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Article source: http:\/\/feedproxy.google.com\/~r\/techcrunchIt\/~3\/dwDeVRxYpDg\/<\/p>","protected":false},"excerpt":{"rendered":"

Yext today said it would price its initial public offering at $11, meaning the company will raise around $115.5 million\u00a0in its IPO as it sets up for a debut tomorrow. <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[19],"tags":[25],"class_list":["post-4701","post","type-post","status-publish","format-standard","hentry","category-enterprise-software","tag-enterprise"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t