Yelp Shares Soar On Market Debut

Yelp IPO

(Reuters) - Yelp Inc priced its initial public offering of class A common stock at $15 a share, above the expected price range, valuing the U.S. consumer review website at nearly $900 million.

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BING NEWS:
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  • Yelp shares soar 22% after lockup period ends
    Lockups are a common practice for companies to set up as they go public. They restrict big investors, and company executives, from flooded the market. Yelp shares rose $4.11 in regular trading, ending at $22.37. Shares came down slightly, 0.54% ...
    08/28/2012 - 1:00 pm | View Link
  • Investors give Yelp a rave review as shares soar in market debut
    The stock climbed to $US24.58 ($A22.91) in New York, giving Yelp a market valuation of $US1.47 billion, about 18 times Yelp's annual revenue. The San Francisco-based company raised $US107.3 million in the IPO, pricing the shares at $US15 each, it said.
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  • Yelp shares soar in a blazing debut
    SAN JOSE, Calif. — San Francisco reviews website Yelp received five stars from investors in its stock market debut Friday, as shares of the company — goosed in part by enthusiasm for Facebook’s coming IPO — jumped 64 percent from their initial ...
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