Yahoo! Inc. Completes Initial Public Offering of 2,600,000 Shares of Common Stock at $13.00 per Share
Sunnyvale, California -- April 11, 1996 -- Yahoo! Inc. announced today the pricing
of its initial public offering of 2,600,000 shares of Common Stock (NASDAQ National
Market: YHOO) at $13.00 per share. All of the shares were sold by the Company. The
net proceeds to the Company will be used for general corporate purposes. The offering
was managed by Goldman, Sachs & Co., Donaldson, Lufkin & Jenrette Securities Corporation
and Montgomery Securities.
Yahoo! offers a branded Internet navigational service that is among the most widely
used guides to information and discovery on the World Wide Web. Yahoo! provides
a context-based directory structure for Web resources, as well as a Web-wide search
engine that is seamlessly integrated with the Yahoo! directory service. The Company
is developing a global family of Yahoo! branded media properties in targeted subject
matter, demographic and geographic areas.
Copies of the prospectus relating to the offering may be obtained from Goldman Sachs
& Co., Prospectus Department, 85 Broad Street, New York, NY, 10004, (212) 902-1000.
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Contacts:
Media only:
NRH Public Relations
(415) 615-7905
skye@nrh.com
Investors only:
Gary Valenzuela
Chief Finanical Officer
(408) 328-3382
investor_relations@yahoo-inc.com
Karen Edwards
Director of Brand Management
635 Vaqueros Avenue
Sunnyvale, California 94086 USA
phone (408) 328-3311
Yahoo! and the Yahoo! logo are trademarks and/or registered trademarks of Yahoo!
Inc.
All other names are trademarks and/or registered trademarks of their respective
owners