SAN FRANCISCO, Nov. 5, 2013 /PRNewswire/ -- Yelp Inc.
(NYSE: YELP) announced today the closing of its underwritten
registered public offering of an aggregate of 4,312,500 shares of
Class A common stock, including 562,500 shares of Class A common
stock sold pursuant to the full exercise by the underwriters of
their option to purchase additional shares. All of the shares were
sold at a price to the public of $67.00 per share, for a total of approximately
$288.9 million.
(Logo: http://photos.prnewswire.com/prnh/20050511/SFW134LOGO)
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 were the bookrunning managers for the offering.
Oppenheimer & Co. Inc. and Cowen and Company were 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 was
made only by means of a prospectus and prospectus supplement
forming part of the effective registration statement. Copies
of the final prospectus and prospectus supplement related to the
offering may be obtained 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.
Media Contact Information
Yelp Press Office
Vince Sollitto
(415) 230-6506
pr@yelp.com
Investor Relations Contact Information
The Blueshirt Group
Stacie Bosinoff, Nicole Gunderson
(415) 217-7722
yelp@blueshirtgroup.com
SOURCE Yelp Inc.