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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.
VB's research team is studying mobile user acquisition...
Chime in here, and we’ll share the results