Bazaarvoice (BV) IPO Surges Higher
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The IPO for Bazaarvoice, Inc. (Nasdaq: BV) is open for trading. Shares are trading at $15.80 after pricing 9,484,296 shares at $12 per share, which was above the expected $8-$10 range.
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.
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 service.
As of January 31, 2012, the company served 737 active clients, including eight of the ten most valuable U.S. retail brands.
In fiscal years 2009, 2010 and 2011 and the nine months ended January 31, 2012, the company generated revenue of $22.5 million, $38.6 million, $64.5 million and $74.7 million, respectively. In fiscal years 2009, 2010 and 2011 and the nine months ended January 31, 2012, we generated 15.8%, 25.2%, 24.9% and 23.7% of revenue, respectively, from outside of the United States.
After the IPO, there will be 56,856,168 total common shares outstanding. This would suggest an market cap of $682 million if share open at the $12 price.
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.
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 service.
As of January 31, 2012, the company served 737 active clients, including eight of the ten most valuable U.S. retail brands.
In fiscal years 2009, 2010 and 2011 and the nine months ended January 31, 2012, the company generated revenue of $22.5 million, $38.6 million, $64.5 million and $74.7 million, respectively. In fiscal years 2009, 2010 and 2011 and the nine months ended January 31, 2012, we generated 15.8%, 25.2%, 24.9% and 23.7% of revenue, respectively, from outside of the United States.
After the IPO, there will be 56,856,168 total common shares outstanding. This would suggest an market cap of $682 million if share open at the $12 price.
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