Yelp Inc. (NYSE: YELP) has priced its initial public offering of 7.15 million shares at $15.00 per share. This pricing is a premium price above the range and it values Yelp at roughly $900 million.
Of the offering, some 7,100,000 shares are being offered by Yelp and 50,000 shares are being offered by The Yelp Foundation.
Goldman Sachs is the lead book-runner for the offering; Citigroup Global Markets Inc. and Jefferies & Company are joint book-running managers; Allen & Company and Oppenheimer & Co.are the co-managers. The underwriters have an overallotment option to purchase up to an additional 1,072,500 shares from Yelp.
YELP is one of our top 17 IPOs to watch in 2012.
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