YEXT News

Six IPOs raised $1.2 billion this week, tied for the most active week of the year. Yext (YEXT) was the latest in a series of high-growth, high-loss software companies to have well-received IPOs this year. Yext allows businesses to sync their customer-facing information, such as hours and menus, across the internet through its cloud-based platform. It ...read more

Yext, which provides a platform that allows businesses to sync local listings across the internet, raised $116 million by offering 10.5 million shares at $11, above the range of $8 to $10. At the IPO price Yext commands a market value of $1.1 billion and an enterprise value of $1.0 billion (4.5x LTM sales). The company claims that its cloud-based platform, the Yext Knowledge...read more

There are six deals on the calendar for the week ahead, after Azul was cleared by regulators to resume its IPO. After not having any deals in the first two month of the year, two tech IPOs this week should make the sector the most active year to date. We expect launches to be light next week with the holiday Friday, but activity should pick up at the end of April. Recent filers...read more

Yext, which provides a platform that allows businesses to sync local listings across the internet, announced terms for its IPO on Tuesday. The New York, NY-based company plans to raise $95 million by offering 10.5 million shares at a price range of $8 to $10. At the midpoint of the proposed range, Yext would command a fully diluted market value of $905 million. The company...read more