Social Analytic Company Bazaarvoice (BV) Prices IPO at $12, Above Expected Range
Tweet Send to a Friend
Up)
Bazaarvoice, Inc. (Nasdaq: BV) priced its initial public offering of 9,484,296 shares of its common stock at a price to the public of $12 per share, which is above the expected $8-$10 range. Shares are expected to open on the NASDAQ at approx. 11AM under the symbol "BV."
Morgan Stanley & Co. LLC, Deutsche Bank Securities Inc. and Credit Suisse Securities (USA) LLC are serving as joint book-running managers for the offering, with Piper Jaffray & Co., Pacific Crest Securities LLC and BMO Capital Markets Corp. acting as co-managers.
Bazaarvoice is a leading provider of social commerce solutions that help its clients capture, display and analyze online word of mouth, including consumer-generated ratings and reviews, questions and answers, stories, recommendations, photographs, videos and other content about its clients' brands, products or service.
As of January 31, 2012, the company served 737 active clients, including eight of the ten most valuable U.S. retail brands.
In fiscal years 2009, 2010 and 2011 and the nine months ended January 31, 2012, the company generated revenue of $22.5 million, $38.6 million, $64.5 million and $74.7 million, respectively. In fiscal years 2009, 2010 and 2011 and the nine months ended January 31, 2012, we generated 15.8%, 25.2%, 24.9% and 23.7% of revenue, respectively, from outside of the United States.
After the IPO, there will be 56,856,168 total common shares outstanding. This would suggest an market cap of $682 million if share open at the $12 price.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Morgan Stanley & Co. LLC, Deutsche Bank Securities Inc. and Credit Suisse Securities (USA) LLC are serving as joint book-running managers for the offering, with Piper Jaffray & Co., Pacific Crest Securities LLC and BMO Capital Markets Corp. acting as co-managers.
Bazaarvoice is a leading provider of social commerce solutions that help its clients capture, display and analyze online word of mouth, including consumer-generated ratings and reviews, questions and answers, stories, recommendations, photographs, videos and other content about its clients' brands, products or service.
As of January 31, 2012, the company served 737 active clients, including eight of the ten most valuable U.S. retail brands.
In fiscal years 2009, 2010 and 2011 and the nine months ended January 31, 2012, the company generated revenue of $22.5 million, $38.6 million, $64.5 million and $74.7 million, respectively. In fiscal years 2009, 2010 and 2011 and the nine months ended January 31, 2012, we generated 15.8%, 25.2%, 24.9% and 23.7% of revenue, respectively, from outside of the United States.
After the IPO, there will be 56,856,168 total common shares outstanding. This would suggest an market cap of $682 million if share open at the $12 price.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
Create E-mail Alert Related Categories
IPOsRelated Entities
Credit Suisse, Piper Jaffray, Deutsche Bank, Morgan Stanley, BMO Capital, Pacific Crest Securities
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
