{"id":27910,"date":"2012-03-04T02:32:25","date_gmt":"2012-03-04T07:32:25","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=27910"},"modified":"2012-03-04T02:32:25","modified_gmt":"2012-03-04T07:32:25","slug":"yelp-ipo-soared-tech-companies-still-rule","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2012\/03\/04\/yelp-ipo-soared-tech-companies-still-rule\/","title":{"rendered":"Yelp IPO Soared, Tech Companies Still Rule"},"content":{"rendered":"<p><div id=\"grabDiv1767162\"><object id=\"GrabPlayer1767162\" width=\"542\" height=\"304\" type=\"application\/x-shockwave-flash\" align=\"middle\" data=\"http:\/\/player.grabnetworks.com\/swf\/GrabOSMFPlayer.swf?id=1767162&#038;content=v38dd50e6c50d637904e43b3aa68365ff521be041&#038;tgt=grabnetworks\"><param name=\"quality\" value=\"high\"\/><param name=\"allowScriptAccess\" value=\"always\"\/><param name=\"allowFullScreen\" value=\"true\"\/><param name=\"menu\" value=\"false\"\/><param name=\"wmode\" value=\"transparent\"\/><param name=\"movie\" value=\"http:\/\/player.grabnetworks.com\/swf\/GrabOSMFPlayer.swf?id=1767162&#038;content=v38dd50e6c50d637904e43b3aa68365ff521be041&#038;tgt=grabnetworks\"\/><\/object><\/p>\n<div id=\"overlay-adzone\" style=\"overflow:hidden; position:relative\"><\/div>\n<\/div>\n<p>Yelp began trading today on the New York Stock Exchange. The San Francisco based company sold 7.15m shares in the IPO that was priced last night at $15 per share, that makes the total amount raised to $107M. Like the several tech companies went public at the end of last year, Yelp isn&#8217;t profitable yet and has high operating costs. It had a loss of $1.10 per share in 2011 on revenue of $83.3M, and 64c loss per share in 2010 on revenue of $47.7M. 70% of Yelp&#8217;s revenue come from local advertising and another 21% come from national advertising.But if history is any guide, none of the concerns stopped the recent tech IPO&#8217;s from popping chart on the first day of trading. Yelp&#8217;s indirect competitor Groupon received lots of criticisms from investors but still jumped 31% in its November 2011 debut, and Yelp opened today above $24, which is more than 60% above the IPO price.<\/p>\n<p><img src='http:\/\/cache.thenewsroom.com\/financial_news_network\/2012\/03\/04\/1_tepub7kk_thumb.jpg' \/><\/p>\n<p><!--post_img[http:\/\/cache.thenewsroom.com\/financial_news_network\/2012\/03\/04\/1_tepub7kk_preview.jpg]--><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Yelp began trading today on the New York Stock Exchange. The San Francisco based company sold 7.15m shares in the IPO that was priced last night at $15 per share, that makes the total amount raised to $107M. Like the several tech companies went public at the end of last year, Yelp isn&#8217;t profitable yet &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2012\/03\/04\/yelp-ipo-soared-tech-companies-still-rule\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Yelp IPO Soared, Tech Companies Still Rule&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-27910","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/27910","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=27910"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/27910\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=27910"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=27910"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=27910"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}