YELP! INC (YELP)

[bob smith]

Yelp: seems like we are at the crossroads, and lets hope we break through some resistance....

should be interesting!


gl

[WARHAMMER]

or maybe not, lol

[WARHAMMER]

looks to be holding its gains!

[MarzSell]

this stock blew nicely on all the boast the last couple of days... maybe next week another 30-60% up would be nice... will be doing my dd.. n throw some change in this..

[PoemStone]

layupdrill. I missed this one. GoodDay here. B'marked.

[WARHAMMER]

Yelp soars on stock market debut with lofty outlook
Richard Drew / AP

Jeremy Stoppelman, right center, Yelp's co-founder and CEO, salutes during opening bell ceremonies of the New York Stock Exchange Friday. Yelp's stock soared on its stock market debut.
By Roland Jones
Consumer reviews website Yelp made its first appearance on the stock market Friday, joining a list of new social media companies that have made their market debuts in recent months, including LinkedIn, Groupon and Zynga.

Yelp, which trades on the New York Stock Exchange under the ticker name “YELP,”soared out of the gate and was lately up over 60 percent. The company priced its initial public offering of class A common stock at $15 a share late Thursday, coming in above the expected price range and valuing the seven-year-old company at nearly $900 million.

That valuation is raising eyebrows on Wall Street, given that Yelp has never reported a profit. The company’s valuation is above most of the companies in the Standard & Poor’s 500-stock index, a broad market index, and it’s almost 11 times Yelp’s full-year annual revenue for 2011.

Advertise | AdChoicesYelp saw an operating loss of $16.2 million in 2011 on revenue of $82.3 million, up 73 percent from 2010 revenue of $47.7 million with an operating loss of $9.6 million. In its registration document for an IPO, Yelp said the company does not “expect to be profitable in the near term as we continue to invest in our future growth.”

Still, Yelp may well be worth its lofty valuation. Bloomberg reports that the company has forged its own path to IPO, rejecting takeover offers that other technology startups would have found hard to resist, including a $550 million bid from Google and a $1 billion overture by Yahoo.

Yelp is known best for its reviews of restaurants, and also hotels, stores, and other retail establishments. The company makes money from advertising, which is sells to local businesses and big companies that seek to reach its growing audience of users.

The company faces competition from Internet heavyweights Google, Facebook and Yahoo, which also sell online ads to local businesses. Web property Foursquare recently upgraded its search and discovery of local businesses, setting itself up as a Yelp competitor too.

Yelp’s IPO is part of a rash of Internet offerings over the past several months, with social media companies Groupon, Zynga and LinkedIn making their stock market debuts with mixed results.

Zynga, a developer of online games, went public on Dec. 16, 2011. Since then its share price has risen 52 percent.

But shares of LinkedIn, an online professional network, have slipped 8 percent since its first day of trading on May 19. And shares of online deals company Groupon’s are down 25 percent since the company’s first day of trading on Nov. 4.

[pack10]

Do any of you know if UBS was an underwriter? TIA

[WARHAMMER]

YELP looking like it wants to break $25, weee

[WARHAMMER]

YELP looking dam good, 24.65 x 24.69 and going up and up

[WARHAMMER]

i got some, lets see how it pans out...

[Liquid_Bull]

I am not in... but it seems to be the best online review site, so it is interesting. I will be watching it.

[WARHAMMER]

looks pretty good huh

[Liquid_Bull]

YELP IPO'd today 3/2/2012. It was priced at $15.00 per share but opened on the market at $22.00

HIGH of $26.00

LOW of $22.00

CURRENTLY $24.54