AUSTIN, Texas, July 23, 2012 (GLOBE NEWSWIRE) -- Bazaarvoice, Inc. (Nasdaq:BV), a leading social software company that helps clients capture, display and analyze online word of mouth, today announced that it has closed its previously announced follow-on offering of shares of its common stock and that the underwriters have exercised their option to purchase an additional 1,275,000 shares of common stock. As a result, the total follow-on offering size was 9,775,000 shares, which consisted of 3,625,000 shares sold by Bazaarvoice and 6,150,000 shares sold by selling stockholders. The net proceeds to Bazaarvoice from its sale of 3,625,000 shares were approximately $53.1 million after deducting underwriting discounts and commissions. Bazaarvoice did 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 may be obtained from: Morgan Stanley & Co. LLC, Attention Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014, by email at prospectus@morganstanley.com, or by phone at (866) 718-1649; or Deutsche Bank Securities Inc., Attention: Prospectus Group, 60 Wall Street, New York, New York 10005-2836, by e-mail at prospectus.cpdg@db.com, or by phone at (800) 503-4611; or Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, One Madison Avenue, New York, NY, 10010, by phone at (800) 221-1037, or by e-mail at newyork.prospectus@credit-suisse.com.
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.
About Bazaarvoice
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.