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.
NRH Public Relations
Chief Finanical Officer
Director of Brand Management
635 Vaqueros Avenue
Sunnyvale, California 94086 USA
phone (408) 328-3311