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Investing

Yelp IPO Comes At Premium (YELP)

Photo of Jon C. Ogg
By Jon C. Ogg Updated Published

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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About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.

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