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• STOCK TICKER SYMBOL FOR YELP FULL

Shares have nearly doubled from their offering price.Īnd shares of daily-deals site Groupon ( GRPN) popped 31% in its November debut, despite criticism of unorthodox accounting measures that led to several downward revisions of its financials.īut Groupon's stock has fallen this year after the company reported a fourth-quarter loss. The company has reported a profit in each quarter since its IPO. And although the stock had a lukewarm debut, the stock has recently picked up steam after reporting solid results and as investors realized how tied it is to Facebook.īusiness networking site LinkedIn ( LNKD) has done well since going public last summer. Social gaming company Zynga ( ZNGA) raised $1 billion in December from its IPO. It is still trading above its offering price. Last year, several Internet companies went public despite questions about their business models.Īnother reviews site, the contractor-focused Angie's List ( ANGI), shares jumped 33% when it started trading in August. One example: a restaurant owner posting a 5-star review to boost her own company's rating.īut investors may not be spooked by any of the potential problems, if the recent performances of other social media IPOs are any indication. Yelp filters or removes content when a review does not adhere to its terms of service. That's because Yelp said it was "filtering" about 5 million reviews and had removed about 1.8 million reviews. But in an amended filing in February, the figure dropped to 18 million. In its initial filing back in November, Yelp said it had 22 million reviews on its site.

Yelp itself indirectly addressed another potential problem for the company: the credibility and truthfulness of its reviews. In fact, Yelp's initial filing revealed that Google ( GOOG, Fortune 500), which is developing its own Yelp-like offerings and recently acquired restaurant guide Zagat, is a key traffic source - which puts Yelp in a precarious position. It also runs daily deals, but in August Yelp cut half its sales staff in that unit.Ĭritics have questioned Yelp's high operating costs, as well as its ability to stay competitive in a field with a low barrier to entry. Yelp's main revenue stream is selling advertising to local and national businesses. In 2010, Yelp lost $9.6 million on $47.7 million in revenue.

STOCK TICKER SYMBOL FOR YELP FULL

For the full year in 2011, Yelp had a net loss of $16.7 million on sales of $83.3 million. Unprofitable: Like many other tech companies testing the public markets in the past few months, Yelp isn't yet profitable. Yelp will start trading Friday on the New York Stock Exchange, under the ticker "YELP." Yelp's debut day comes almost exactly one month after Facebook filed for a $5 billion IPO. Last quarter, about 66 million unique visitors went to Yelp's site on a monthly basis. Underwriters led by Goldman Sachs ( GS, Fortune 500) have the option of purchasing an additional 1,072,500 shares from the company.įounded in 2004, Yelp has developed an ubiquitous brand and amassed more than 18 million reviews of restaurants, salons, dentists and other businesses. Last month, Yelp set a target range between $12 and $14 a share.Īn additional 50,000 shares are being sold by the Yelp Foundation. All rights reserved.Yelp said in its first IPO filing in November that it expected to raise $100 million.

Have you filled out our Guestbook? If not, please do.Ĭopyright © 1997 - 2023. IPO - 7.15 Million Shares $15.00/share.Ĭlick for current YELP price quote from the NYSEĪddress: 350 Mission Street, 10th Floor, San Francisco, CA 94105įind a problem? Please use our Feedback Page or Email us. Yelp communities have taken root in major metros across the US, Canada, UK, Ireland, France, Germany, Austria, The Netherlands, Spain, Italy, Switzerland, Belgium, Australia, Sweden, Denmark, Norway, Finland, Singapore, Poland, Turkey, New Zealand, the Czech Republic, Brazil, Portugal, Mexico, Japan, Argentina, Chile, Hong Kong, Taiwan, Malaysia, and the Philippines. Their business revolves around three key constituencies: the contributors who write reviews, the consumers who read them and the local businesses that they describe. Businesses, both small and large, use their platform to engage with consumers at the critical moment when they are deciding where to spend their money. The information these reviews provide is valuable for consumers and businesses alike. These reviews are written by people using Yelp to share their everyday local business experiences, giving voice to consumers and bringing "word of mouth" online. Their users have contributed millions of reviews of almost every type of local business, from restaurants, boutiques and salons to dentists, mechanics, plumbers and more. Company's Online Profile BUSINESS: Yelp connects people with great local businesses.