Mobile

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

Gaming execs: Join 180 select leaders from King, Glu, Rovio, Unity, Facebook, and more to plan your path to global domination in 2015. GamesBeat Summit is invite-only -- apply here. Ticket prices increase on March 6!

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 is studying social media marketing tools. Chime in, and we’ll share the data with you.