Yelp Shares Spike; So Much for Lockup Expiration

So much for the lockup expiration hindering Yelp shares.

The stock is surging 20 percent to $21.86 on heavy trading volume Wednesday, even as today is the end of Yelp’s lockup period for early investors. A flood of shares was free to hit the market this morning.

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About Voices

Along with original content and posts from across the Dow Jones network, this section of AllThingsD includes Must-Reads From Other Websites — pieces we’ve read, discussions we’ve followed, stuff we like. Six posts from external sites are included here each weekday, but we only run the headlines. We link to the original sites for the rest. These posts are explicitly labeled, so it’s clear that the content comes from other websites, and for clarity’s sake, all outside posts run against a pink background.

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