Bazaarvoice, Inc. Announces Pricing of Its Follow-On Offering
AUSTIN, Texas, July 17, 2012 (GLOBE NEWSWIRE) -- Bazaarvoice, Inc. (Nasdaq:BV), a leading social software company that help clients capture, display and analyze online word of mouth, today announced the pricing of 8,500,000 shares of its common stock at $15.40 per share in a follow-on public offering. Bazaarvoice (BV) will sell 2,350,000 shares in the offering; the remaining shares will be sold by existing stockholders. In addition, the underwriters have a 30-day option to purchase up to 1,275,000 additional shares of common stock from Bazaarvoice. As part of the underwriting procedures, all selling stockholders, as well as all of Bazaarvoice's officers and directors, have agreed to lock-up agreements for a period of 90 days following the offering.
The principal purposes of this offering are to raise additional capital for the company, provide liquidity for selling stockholders and increase the public float of the company. The proceeds of the primary portion of the offering will be used for general corporate purposes, including working capital. Bazaarvoice will 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 BMO Capital Markets Corp., Pacific Crest Securities LLC and Piper Jaffray & Co. acting as co-managers.
A prospectus for the offering, when available, 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 Group, 60 Wall Street, New York, New York 10005-2836, 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, a leading social software company, helps 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. Headquartered in Austin, Texas, Bazaarvoice has offices in London, Munich, New York City, Paris, San Francisco, Stockholm and Sydney.
CONTACT: Bazaarvoice Investor Relations Contact: Bazaarvoice Investor Relations Seth Potter ICR, Inc. on behalf of Bazaarvoice, Inc. (646) 277-1230 email@example.com Media Contact: Emily Brady Brady PR on behalf of Bazaarvoice, Inc. (650) 692-6107 firstname.lastname@example.orgSource: Bazaarvoice 2012 GlobeNewswire, Inc.