Yelp IPO Adds Glitters In The Web World

Posted on Mar 5 2012 - 9:48am by Editorial Staff

Yelp, as we reported earlier priced its initial public offering at $15 a share, a dollar above from its higher limit its indicated price range. Over the news the stock price of business-reviews site Yelp jumped 64% in its market debut. The San Francisco-based company, which makes money mostly by selling advertising on its website to mom-and-pop stores, has piled up a string of losses since its founding eight years ago. The red ink didn’t stop investors from pouring into the initial public offering.

About the Author
Editorial Staff

Editorial Staff at I2Mag is a team of subject experts.