Yext (YEXT) IPO Opens 27% Higher

Today's IPO for Yext, Inc. (NYSE: YEXT) opened for trading at $14 after pricing its initial public offering of 10,500,000 shares of its common stock at a public offering price of $11.00 per share.

Yext, Inc. has granted the underwriters a 30-day option to purchase up to an additional 1,575,000 shares of common stock to cover over-allotments, if any.

Morgan Stanley, J.P. Morgan and RBC Capital Markets are acting as the bookrunners for the offering. Pacific Crest Securities, a division of KeyBanc Capital Markets, and Piper Jaffray are acting as co-managers.

Yext puts business on the map. The Yext Knowledge Engine™ lets companies manage their digital knowledge in the cloud and sync it to over 100 services in the PowerListings Network®. Yext Listings, Pages, and Reviews help businesses around the globe facilitate face-to-face and digital interactions that boost brand awareness, drive foot traffic, and increase sales.

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