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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    Citing unnamed sources familiar with the plan, the Wall Street Journal said Yelp could sell for as much as $3.5 billion, based on a market capitalization of $2.9 billion. Shares of the company soared in afternoon trading, up almost 14 percent to $43.55.
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    Before Thursday, Yelp shares had plummeted more than 20 percent this year. Its market capitalization was recently at about $2.9 billion. The company last month reported lower-than-expected first-quarter revenue of $118.5 million. The stock reeled on the ...
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    Shares of Yelp Inc. soar 15% to $24.58 to in early trade after raising revenue guidance . 9:42 a.m. May 6, 2016 - Mark DeCambre
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