Bazaarvoice, Inc. Closes Initial Public Offering
Bazaarvoice, Inc. (NASDAQ:BV), a leading provider of social commerce solutions that help clients capture, display and analyze online word of mouth, today announced that it has closed its previously announced initial public offering of shares of its common stock and that the underwriters have exercised their option to purchase an additional 1,422,645 shares of common stock. As a result, the total initial public offering size was 10,906,941 shares, which consisted of 10,422,645 shares sold by Bazaarvoice and 484,296 shares sold by selling stockholders. The net proceeds to Bazaarvoice from its sale of 10,422,645 shares were approximately $116.3 million after deducting underwriting discounts and commissions. Bazaarvoice did not receive any proceeds from the sale of shares by the selling stockholders.
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.
A prospectus for the offering may be obtained from: Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014, by email at firstname.lastname@example.org, or by phone at (866) 718-1649; Deutsche Bank Securities Inc., Attention: Prospectus Department, Harborside Financial Center, 100 Plaza One, Jersey City, New Jersey 07311-3988, by email at email@example.com, or by phone at (800) 503-4611; or Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, One Madison Avenue, New York, New York 10010, by e-mail at firstname.lastname@example.org, or by phone at (800) 221-1037.
A registration statement relating to shares of the common stock of Bazaarvoice, Inc. has been declared effective by the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor may there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
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 services. Bazaarvoice enables its clients to place consumers at the center of their business strategies by helping consumers generate and share sentiment, preferences and other content about brands, products or services. Through its technology platform, Bazaarvoice’s clients leverage online word of mouth to increase sales, acquire new customers, improve marketing effectiveness, enhance consumer engagement across channels, increase success of new product launches, improve existing products and services, effectively scale customer support and decrease product returns.
Bazaarvoice Investor Relations Contact:
Bazaarvoice Investor Relations
ICR, Inc. on behalf of Bazaarvoice, Inc. 646-277-1230
Lewis PR on behalf of Bazaarvoice, Inc.
+44 (0)20 7802 2626