Yext Announces Pricing of Proposed Offering of Common Stock
On March 18, 2019, Yext, a leading digital knowledge management (DKM) platform, announced the pricing of an underwritten public offering of 6,100,000 shares of its common stock at a price to the public of $21.50 per share pursuant to an effective registration statement on Form S-3 filed with the U.S. Securities and Exchange Commission. In addition, the company granted the underwriter a 30-day option to purchase up to an additional 900,000 shares of its common stock, which was subsequently exercised. The gross proceeds from the offering, before deducting underwriting discounts and commissions and estimated offering expenses, are expected to be $150.5 million. All of the shares in the offering are to be sold by Yext. Goldman Sachs & Co. is acting as the underwriter for the offering. Wilson Sonsini Goodrich & Rosati is representing Yext in the offering.
For more information, please see the company's press release.