Yelp Celebrates Initial Public Offering and First Day of Trading on the New York Stock Exchange
02 Marzo 2012 - 8:37PM
Business Wire
Yelp, the global online business review site, opened for trading
today on the New York Stock Exchange (NYSE) under the ticker symbol
“YELP” after its initial public offering in which it raised $107.25
million in gross proceeds. CEO Jeremy Stoppelman, joined by members
of Yelp’s management team and employees from their New York office,
celebrated the company’s first day of trading on the NYSE by
ringing The Opening BellSM.
Yelp CEO Jeremy Stoppelman, along with
members of the company's management team and employees from the NY
office, rings The Opening Bell to celebrate Yelp's IPO and first
day of trading on the NYSE (Photo: Business Wire)
“We’re thrilled to welcome Yelp to our growing community of
innovative technology companies,” said Scott R. Cutler, EVP and
Co-Head of U.S. Listings and Cash Equities, NYSE Euronext. “Yelp is
a popular destination for consumers around the globe, providing a
dynamic user-generated online platform to review local businesses.
We congratulate Yelp on its IPO and look forward to a long-standing
partnership with the company and its shareholders.”
“Over the past seven years our team has worked tirelessly to
improve the Yelp experience for consumers and local businesses, and
as a result there are countless numbers of people who have
benefitted from that hard work and the power of Yelp communities
all over the world. Today is a time to pause briefly to reflect on
how far we've all come and to celebrate the fact that Yelp has
become a trusted source to connect with great local businesses,”
said Jeremy Stoppelman, CEO and Co-founder, Yelp. “Our transition
to the public markets is just the beginning of a new and very
exciting chapter for Yelp. We are excited and proud to make Yelp
available on the New York Stock Exchange and it's great to know
that their legacy and platform is something we can rely on as we
continue to grow our business."
Yelp is a great addition to the NYSE Euronext community and is
the sixth technology company to list on the NYSE this year. To hear
more from Scott Cutler on Yelp’s IPO and IPO trends in 2012, please
click here.
About Yelp
Yelp (http://www.yelp.com/) connects people with great local
businesses. Yelp was founded in San Francisco in July 2004. Since
then, Yelp communities have taken root in major metros across the
US, Canada, UK, Ireland, France, Germany, Austria, The Netherlands,
Spain, Italy, Switzerland, Belgium and Australia. Yelp had a
monthly average of 66 million unique visitors in Q4 2011*. By the
end of Q4 2011, Yelpers had written approximately 25 million rich,
local reviews, making Yelp the leading local guide for real
word-of-mouth on everything from boutiques and mechanics to
restaurants and dentists. On average, more than 5.7 million monthly
unique visitors relied on Yelp Mobile applications in Q4 2011 to
help them make a spending decision on the go. For more information,
please visit http://www.yelp.com/ or send an email to
press@yelp.com.
(Source: Yelp and *Google Analytics)
About NYSE Euronext
NYSE Euronext (NYX) is a leading global operator of financial
markets and provider of innovative trading technologies. The
company's exchanges in Europe and the United States trade equities,
futures, options, fixed-income and exchange-traded products. With
approximately 8,000 listed issues (excluding European Structured
Products), NYSE Euronext's equities markets – the New York Stock
Exchange, NYSE Euronext, NYSE Amex, NYSE Alternext and NYSE Arca –
represent one-third of the world's equities trading, the most
liquidity of any global exchange group. NYSE Euronext also operates
NYSE Liffe, one of the leading European derivatives businesses and
the world's second-largest derivatives business by value of
trading. The company offers comprehensive commercial technology,
connectivity and market data products and services through NYSE
Technologies. NYSE Euronext is in the S&P 500 index, and is the
only exchange operator in the Fortune 500. For more information,
please visit: http://www.nyx.com. (Source: NYSE Euronext)
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