Question: =+LG 5 P23 Initial public offering On April 13, 2017, Yext Inc. completed its IPO on the NYSE. Yext sold 10,500,000 shares of stock at

=+LG 5 P2–3 Initial public offering On April 13, 2017, Yext Inc. completed its IPO on the NYSE.

Yext sold 10,500,000 shares of stock at an offer price of $11 with an underwriting discount of $0.77 per share. Yext’s closing stock price on the first day of trading on the secondary market was $13.41, and 85,489,470 shares were outstanding.

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