Yelp Inc. is out trying to convince investors that it has upside in its IPO roadshow. We are within a couple of weeks of the IPO and Co-Founder & CEO Jeremy Stoppelman is telling the company’s story. This stock is set to be one of our Top 17 IPOs of 2012.
Yelp’s lead underwriters are Goldman Sachs, Citigroup, and Jefferies; co-managers are listed as Allen & Company and Oppenheimer & Co. As of the last filing, this IPO is for 7.15 million shares in a price range of $12.00 to $14.00. Yelp’s total Class A and Class B shares outstanding after the offering will be 59,873,181 shares.
The full road show can be watched at Retail Roadshow. Unfortunately, if you just watch the video window you might wonder if Stoppelman is in a boat at sea. All jokes aside, our complaint about Yelp is the share structure even if the valuation does not seem atrocious. Whether or not it can grow at the same rate in the future is another topic up for discussion, but that was discussed in the roadshow as well.
A detailed video and slideshow is available at RetailRoadshow.com for your review.
JON C. OGG