Market Overview

Yelp Prices 3.75M Share Offering at $67.00/Share


Yelp (NYSE: YELP) announced today the pricing of its underwritten registered public offering of 3,750,000 shares of Class A common stock at a price to the public of $67.00 per share, for a total of approximately $251.3 million. In addition, Yelp has granted the underwriters a 30-day option to purchase up to 562,500 additional shares of Class A common stock.

Yelp intends to use the net proceeds of the offering for additional working capital and general corporate purposes, including sales and marketing activities, general and administrative matters and capital expenditures. In addition, Yelp may use a portion of the net proceeds for the acquisition of, or investment in, technologies, solutions or businesses that complement its business.

Goldman, Sachs & Co., Citigroup Global Markets Inc. and Jefferies LLC are the bookrunning managers for the offering. Oppenheimer & Co. Inc. and Cowen and Company are co-managers for the offering.

An effective registration statement relating to the securities was filed with the Securities and Exchange Commission on October 29, 2013. The offering is being made only by means of an effective shelf registration statement, including a preliminary and a final prospectus supplement related to the offering, copies

See full press release

Posted-In: News Guidance Offerings Contracts Management Global


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