Yelp IPO Wants To Raise $107.25M At A $898.1 Million Valuation

Tomorrow morning comes the moment ?Yelp CEO Jeremy Stoppelman's been waiting for seven years. ?According to the NYT, Yelp will drop on the NYSE under the YELP ticker tomorrow morning. Yelp will be offering 7.15 million shares at $15 dollars a share, wanting to raise about $107.25 million in its IPO. The deal is said to be heavily over subscribed, and I've heard that some Yelpers were disappointed by the low price -- despite the fact that the company is still not profitable, despite trading at a valuation of more than ten times its earnings.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/L88Q7FZ0jO8/

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