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Yelp, a company based in San Francisco, has said in legal documents that the company will join the IPO, sold 7.15 million shares for between 12-14 dollars on the floor of the New York Stock Exchange on the third day here.
As noted by Bloomberg, Yelp's stock price will be announced at the third official. The IPO took place just one month after Facebook, the largest social network on the Internet, joining the IPO (half day), creating asset value up to $ 5 billion.
Yelp first filed for the IPO in November joined last year as part of its plan to revive the Internet services, including stock market debut last year by Groupon, Zynga and LinkedIn.
Currently, Max Levchin, Yelp's chairman, who has the largest number of shares to 13.5%, while the founder and CEO Jeremy polls Stoppelman its 11.1% ownership. The proceeds from the sale of 7.1 million shares in the IPO Yelp allows users to invest in marketing activities polls as well as capital growth. Reuters
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