(SAN JOSE MERCURY NEWS) — San Francisco online-reviews site Yelp received five stars from investors in its stock market debut Friday, as shares of the company -- goosed in part by enthusiasm for Facebook's coming IPO -- jumped as much as 73 percent from their initial public offering price.
Yelp sold at least 7.1 million shares at $15 apiece -- $1 higher than the maximum the company expected to charge just a few weeks ago. That will put at least $107 million in Yelp's coffers, before expenses, while valuing the site at nearly $900 million.