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.

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