YELP has priced its IPO at $15 per share - Raising $106m valuing the company at $900m - and is set to debut on the NYSE tomorrow for the public to invest in.
Who's in? thoughts?
As for me, with the recent pops on 1st day tech IPO prices, I am placing a 6 figure sum in as soon as it starts trading and getting the fuck out after a couple of minutes or hours.
Yelp is the next AAPL, in my opinion.
Surely you are kidding... Excuse me if I did not pick up on the sarcasm.
"In its most recent prospectus, the company acknowledged that it has “incurred significant operating losses” and warned that its revenue growth will slow as its business matures, while its costs are expected to increase."
http://dealbook.nytimes.com/2012/03/01/yelp-prices-its-offering-at-15-a…
Im gonna trade this tomorrow, just to get the pop, but I would never hold onto this for a long duration. Way too risky.
You are excused.
Dude, come on. Losses are the new profits. This is the internet.
if you believe that much in user contributed reviews, go buy tripadvisor. same thing, only they have a real business model (albeit one that faces structural headwinds). or think about what happened to epinions.
Yelp has lost money every year for its existence. See the financials in its S1 for details. Just in the last 9 months of 2011 it lost 7.76 million in net income.
http://www.sec.gov/Archives/edgar/data/1345016/000119312511315562/d2453…
Do you know WHY they are going public now?
The founder of Yelp, Jeremy Stoppelman, has 2,487,540 options at an exercise price of $0.088 that are expiring on 12/10/2012. Surely, he wants to cash out his millions of stock options before they expire! Again, this is info from the S1.
Considering that Yelp has priced its IPO at $15, the founders stand to earn loads of money.
This IPO is for the founders to dump their stock onto you. Do you want to make someone else rich by buying their stock?
This is a company that clearly screams AVOID. If it hasn't made a profit every year for more than the last 5-6 years, do you really think it will start to make money now? I don't know how these ridiculous companies get to go public. Their venture capitalists must bribe the underwriters or something.
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