SAN FRANCISCO, Oct. 29, 2013 /PRNewswire/ -- Yelp Inc. (NYSE:
YELP) announced today that it is commencing an underwritten
registered public offering of approximately $250.0 million of its shares of Class A common
stock. In addition, Yelp will grant the underwriters an option to
purchase up to an additional $37.5
million of its shares of Class A common stock.
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Yelp intends to use the net proceeds of the offering for
additional working capital and general corporate purposes,
including sales and marketing activities, general and
administrative matters and capital expenditures. In addition,
Yelp may use a portion of the net proceeds for the acquisition of,
or investment in, technologies, solutions or businesses that
complement its business.
Goldman, Sachs & Co., Citigroup Global Markets Inc. and
Jefferies LLC will be bookrunning managers for the offering.
Oppenheimer & Co. Inc. and Cowen and Company will be
co-managers for the offering.
An effective registration statement relating to the securities
was filed with the Securities and Exchange Commission on
October 29, 2013. The offering is
being made only by means of an effective shelf registration
statement, including a prospectus and preliminary prospectus
supplement related to the offering, copies of which may be
obtained, when available, by contacting Goldman, Sachs & Co. at
200 West Street, New York, New
York 10282, Attention: Prospectus Department, by calling
(866) 471-2526 or by e-mailing prospectus-ny@ny.email.gs.com;
Citigroup Global Markets Inc., c/o Broadridge Financial Solutions,
1155 Long Island Avenue, Edgewood,
NY 11717, by calling (800) 831-9146 or by emailing
batprospectusdept@citi.com; or Jefferies LLC at 520 Madison Avenue,
12th Floor, New York, NY, 10022,
Attention: Equity Syndicate Prospectus Department, by calling (877)
547-6340 or by emailing Prospectus_Department@Jefferies.com.
This announcement shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any offer or
sale of these securities in any state or jurisdiction in which such
offer, solicitation or sale would be unlawful prior to the
registration or qualification under the securities laws of such
state or jurisdiction.
SOURCE Yelp Inc.