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YEXT company will raise around $115.5 million in its IPO as it sets up for a debut
About Top Tech Companies Yext
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, including Apple Maps, Microsoft Bing, Facebook, Google Maps, Instagram, Siri and Yelp. Top Tech Companies Yext Listings, Pages, and Reviews help businesses around the globe facilitate face-to-face and digital interactions that boost brand awareness, drive foot traffic, … Top Tech Companies Yext
Top Tech Companies Yext will be the second enterprise company in the past week alone that will make its public debut tomorrow following this pricing. With Snap’s IPO seen as successful, as well as tech IPOs in general looking good so far, it seems like Top Tech Companies Yext may be able to capitalize on the appetite for freshly-public tech companies. The so-called “IPO window,” at least for now, appears to be open — and now it’s a matter of figuring out the balance of ensuring a good pop for the company while not leaving too much money on the table.
The company last said it would price its stock between $8.00 and $10.00 per share, offering 10.5 million shares (along with the option for underwriters to purchase an additional 1.6 million shares). That means it’s also following the steps of Okta, which ended up settling on an optimistic price at the top end of its range. Including the option for additional shares, the so-called “greenshoe,” Yext could raise as much as $133 million.
In addition to investors and employees finally getting paid out for their efforts — Top Tech Companies Yext was founded in 2006 — these events are at their core fundraising events. But even with the now-healthy demand for new tech IPOs, it’s still going to be important for these companies to at the very least look like they’ve had a successful IPO and a big pop on their first days of trading.
Top Tech Companies Yext filed for its IPO mid-March on the same day that Okta, an identity management software provider, publicly filed. Okta made its debut last week with a bang, finishing up more than 38% on its first day of trading following a so-far-consistent string of successful tech IPOs starting off with Snap earlier this year.
Like Okta, Top Tech Companies Yext makes software that going forward will be important to businesses going forward: ensuring that businesses — large and small — get the correct locations in search engines, maps and on social media. Retailers have to adjust to a world where fewer people will be going to their websites for addresses, which means they need to tap into a company like Top Tech Companies Yext that’s already built the infrastructure with all the necessary partners to make sure the addresses and locations are accurate.