Marchex, holders plan public offering of class B common stock

Deutsche Bank Securities acting as lead bookrunner

By Jennifer Chiou

New York, March 19 - Marchex, Inc. announced that it plans a public offering of 5,714,000 shares of its class B common stock, including 2,857,000 shares that will be offered by certain existing stockholders.

There is a planned 30-day greenshoe for an additional 514,100 class B shares for the company's offering, along with a collective 343,000-share over-allotment option for selling shareholders.

Deutsche Bank Securities Inc. is the lead bookrunner. RBC Capital Markets and Piper Jaffray will be joint bookrunning managers with BMO Capital Markets and Stephens Inc. as co-managers.

Proceeds are earmarked for general corporate purposes, which may include acquisitions.

Marchex will not receive any of the proceeds from the shares sold by the existing holders.

Based in Seattle, Marchex is focused on search marketing, local search and direct navigation for online consumer activity.

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