IPO News Archive

Reviews website Yelp sets IPO terms, seeking $93 million

2/16/12


Yelp, which operates a local business reviews website with 66 million monthly users, announced terms for its IPO on Thursday. The San Francisco, CA-based company plans to raise $93 million by offering 7.2 million shares (1% insider) at a price range of $12.00 to $14.00. At the midpoint of the proposed range, Yelp would command a market value of $848 million. Yelp, which was founded in 2004 and booked $83 million in 2011 sales, plans to list on the NYSE under the symbol YELP. Goldman Sachs, Citi and Jefferies are the lead underwriters on the deal.
Keywords/Tickers: YELP
Source: www.RenaissanceCapital.com
blog comments powered by Disqus
Attribution Policy: The information contained herein is proprietary and copyrighted. The media is welcome to use our information and ideas, provided that the following sourcing is included: Renaissance Capital, Greenwich, CT (www.renaissancecapital.com).
Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital and/or the Global IPO Fund (symbol: IPOSX) may have investments in securities of companies mentioned.
Invest in Global IPO Fund
About Fund Prospectus Invest