With ‘History of Losses,’ Yext Files for IPO

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Yext, platform for managing digital knowledge, has filed for an initial public offering.

The number of shares to be offered and the price range for the proposed offering have not yet been determined, according to the New York company’s filing with the U.S. Securities and Exchange Commission.

Morgan Stanley, J.P. Morgan and RBC Capital Markets are handling the proposed offering, Yext says.

The company, which powers location data in search results, generated $89 million over nine months last year, losing $29 million over that same period. Yext admitted to a “history of losses” and warned that the company “nay not achieve profitability.”

Yext was founded in 2009 and has since raised $117 million in venture capital, last valued at more than $500 million.

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