Bazaarvoice (BV) Completes Follow-on Offering by Selling Shareholders
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Bazaarvoice, Inc. (Nasdaq: BV) has closed its previously announced follow-on offering of shares of its common stock and that the underwriters have exercised their option to purchase an additional 1,275,000 shares of common stock.
As a result, the total follow-on offering size was 9,775,000 shares, which consisted of 3,625,000 shares sold by Bazaarvoice and 6,150,000 shares sold by selling stockholders. The net proceeds to Bazaarvoice from its sale of 3,625,000 shares were approximately $53.1 million after deducting underwriting discounts and commissions. Bazaarvoice did not receive any proceeds from the sale of shares by the selling stockholders.
As a result, the total follow-on offering size was 9,775,000 shares, which consisted of 3,625,000 shares sold by Bazaarvoice and 6,150,000 shares sold by selling stockholders. The net proceeds to Bazaarvoice from its sale of 3,625,000 shares were approximately $53.1 million after deducting underwriting discounts and commissions. Bazaarvoice did not receive any proceeds from the sale of shares by the selling stockholders.
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