Science & Technology
Thu, June 23, 2011Wed, June 22, 2011Tue, June 21, 2011Mon, June 20, 2011Sun, June 19, 2011Sat, June 18, 2011Fri, June 17, 2011Thu, June 16, 2011Wed, June 15, 2011Tue, June 14, 2011Mon, June 13, 2011Fri, June 10, 2011Thu, June 9, 2011Bankrate, Inc. Announces Pricing Of Initial Public Offering
Published in Science and Technology on Thursday, June 16th 2011 at 17:40 GMT by Market Wire
NEW YORK--([ BUSINESS WIRE ])--Bankrate, Inc. (NYSE: RATE) announced today that an initial public offering of 20,000,000 shares of its common stock was priced at $15.00 per share. Bankrate is offering 12,500,000 shares of common stock and certain selling stockholders are offering 7,500,000 shares of common stock. In addition, the underwriters were granted a 30-day option to purchase up to 3,000,000 additional common shares from the selling stockholders at the initial public offering price. The shares will begin trading on June 17, 2011, on the New York Stock Exchange under the trading symbol aRATE.a
The offering of common stock may be made only by means of a prospectus. Goldman, Sachs & Co., BofA Merrill Lynch are the joint bookrunning managers and representatives of the offering. Citigroup Global Markets Inc. and J.P. Morgan Securities LLC are also bookrunning managers of the offering. Allen & Company LLC is a senior co-manager of the offering, and Credit Suisse Securities (USA) LLC, Stephens Inc., RBC Capital Markets, LLC and Stifel, Nicolaus & Company, Incorporated are co-managers of the offering.
A copy of the final prospectus relating to the offering, when available, may be obtained from Goldman, Sachs & Co., Prospectus Department, 200 West Street, New York, NY 10282, telephone: 1-866-471-2526, facsimile: 212-902-9316 or by emailing [ prospectus-ny@ny.email.gs.com ]; BofA Merrill Lynch, 4 World Financial Center, New York, NY 10080, Attn: Prospectus Department, email: [ dg.prospectus_requests@baml.com ]; Citi, Brooklyn Army Terminal, 140 58th Street, 8th Floor, Brooklyn, NY 11220, telephone: 800-831-9146; or J.P. Morgan Securities Inc. c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by telephone at (866) 803-9204.
A registration statement relating to these securities has been filed with and 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 any of these securities, nor shall there be any sale of these securities in any state or jurisdiction in which the offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.
About Bankrate, Inc.
Bankrate is a leading publisher, aggregator and distributor of personal finance content on the Internet. We provide consumers with proprietary, fully researched, comprehensive, independent and objective personal finance editorial content across multiple vertical categories including mortgages, deposits, insurance, credit cards, and other categories, such as retirement, automobile loans, and taxes.
