Yelp Soars in Debut
Business reviews site Yelp Inc. got its own five-star review from investors Friday as shares in its initial public offering rose 64 percent.
The company’s stock opened at $22.01 a share on the New York Stock Exchange, up 47 percent from its IPO price of $15, and finished the trading day at $24.58. It sold 7.15 million shares at prices above its expected $12 to $14 range.