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Bankrate, Inc. Announces Pricing Of Initial Public Offering

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Bankrate, Inc. Announces Pricing Of Initial Public Offering Powered By Docstoc
					Bankrate, Inc. Announces Pricing Of Initial Public
Offering
June 16, 2011 08:13 PM Eastern Daylight Time 

NEW YORK--(EON: Enhanced Online News)--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 “RATE.” 

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.

Contacts
For more information:
Bankrate, Inc.
Bruce Zanca, 917-368-8648
SVP, Chief Communications Officer
bzanca@bankrate.com
or
Ted Rossman, 917-368-8635
Public Relations Manager
Ted.rossman@bankrate.com

				
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Description: NEW YORK--(EON: Enhanced Online News)--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 pric a style='f
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