Bazaarvoice reveals IPO terms
In its IPO, Bazaarvoice is planning to sell around 9.4 mn shares for $8 to $10 each. Existing shareholders will offer up 484,296 of them. The internet company is looking to raise $86.3 mn ‘to increase awareness of the company among potential clients', notes MarketWatch, which adds that Bazaarvoice ‘has been unprofitable in recent years'. Specific uses of proceeds have not been released.
Bazaarvoice plans to list on NASDAQ and trade under the symbol BV.
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Source: MarketWatch
Originally posted here.
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