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Investors didn't have to wait long for the next big tech IPO after Snap Inc. (NYSE: SNAP). Yext, a digital knowledge company founded in 2006, just updated its SEC form with new important details that suggest the Yext IPO date could be set as early as April.
And before Wall Street hypes up Yext stock like it did with Snapchat, we want to make sure you're prepared. So I've compiled the four most important facts to know about the Yext IPO
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No one should be giving this ethically shallow organization any revenue — as a customer or shareholder. Search for TROPICAL SAILS CORP. v. YEXT, INC., Dist. Court, SD New York 2015. You'll find that that Yext lost a lawsuit that alleged four grievances — two of which were dismissed but two were upheld, specifically the two related to fraud. Read this quote from the ruling: "Viewed as a whole, therefore, the complaint alleges that Plaintiff actually purchased a specific subscription to PowerListings based on particular misrepresentations made to it by Yext, which is sufficient to state a claim for fraud… Read more »