Yelp (YELP) Sees IPO Price of $12-$14/Share, to List on NYSE

February 16, 2012 5:18 PM EST
In an amended S-1 filing with the SEC after the close Thursday, Yelp (NYSE: YELP) disclosed it expects to price 7.15 million shares of common stock for its initial public offering at $12-$14 per share. The company will list on the New York Stock Exchange under the ticker "YELP."

The offering is being made through Goldman, Sachs & Co., Citigroup, Jefferies, Allen & Company LLC, and Oppenheimer & Co.

In the first nine months of 2011, the company generated $58.4 million in net revenue, representing 80% growth over the first nine months of 2010. In this same period, we generated a net loss of $7.6 million and an adjusted EBITDA loss of $1.1 million.

Yelp is a company that connects people with local businesses.

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Not even the market cap of YELP based on that pricing ?
Julien on 2012-02-16 18:33:31
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