Technology News Alert: Yelp’s stock soars in stock market debut

Friday, March 2, 2012

   
The Washington PostFriday, March 2, 2012 9:58:26 AM
TECHNOLOGY NEWS ALERT

Yelp's stock soars in stock market debut


Yelp's stock is soaring in its stock market debut Friday. The shares are up 61 percent to $24.15 in the first minutes of trading, after pricing at $15 on Thursday night.

The online reviews site's initial public offering priced above its targeted range of $12 to $14 per share. That already suggested strong investor demand for a slice of the 8-year-old online reviews site, which has yet to turn a profit.


Read more at:
http://www.washingtonpost.com/national/reviews-site-yelp-prices-ipo-at-15-a-share-above-targeted-range-as-questions-loom/2012/03/02/gIQAsjVrlR_story.html



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