Mobile

Wall Street awards 5 stars! Yelp jumps 60% at IPO, currently worth $1.43B

Want to master the CMO role? Join us for GrowthBeat Summit on June 1-2 in Boston, where we'll discuss how to merge creativity with technology to drive growth. Space is limited and we're limiting attendance to CMOs and top marketing execs. Request your personal invitation here!

Review site Yelp, which has turned into a ubiquitous guide to restaurants, opened 60 percent above its strike price of $15 today, valuing the company at $1.43 billion or roughly 17 times its annual revenue.

That’s not bad for a business with only $83 million in revenue last year, on which it managed to lose a record high $16.86 million.

We’ve included a handy graph from Statistica below with lots of detail about Yelp’s user base and financials. Check back in for more analysis at the closing bell.


VentureBeat’s VB Insight team is studying email marketing tools. Chime in here, and we’ll share the results.