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Online-reviews site Yelp (YELP) prices its IPO at $15, above the expected $12-$14 range, before...

Online-reviews site Yelp (YELP) prices its IPO at $15, above the expected $12-$14 range, before its trading debut tomorrow. The price values the company at $898.1M - more than 10 times revenue, with no profits yet.
Comments (8)
  • Financial Insights
    , contributor
    Comments (943) | Send Message
     
    Who the hell would buy this crap company? It doesn't do anything special.
    1 Mar 2012, 09:25 PM Reply Like
  • Financial Insights
    , contributor
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    Watch it double by the end of tomorrow anyway
    1 Mar 2012, 09:26 PM Reply Like
  • wyostocks
    , contributor
    Comments (7411) | Send Message
     
    How do you spell "bubble"? Frigging ridiculous.
    1 Mar 2012, 10:28 PM Reply Like
  • J 457
    , contributor
    Comments (939) | Send Message
     
    Its a one hit wonder, but look at ZNGA and a few of the other recent IPO's that for whatever reason have done well. If the underwriter wants it to rise, somehow it miraculously does, and then the bottom falls out after retail investor buys in. Fool me once shame on me....
    1 Mar 2012, 10:58 PM Reply Like
  • Insurance Bull
    , contributor
    Comments (357) | Send Message
     
    I agree, but IF ZNGA can turn into the internet gaming giant as management is aiming for then ZNGA will be in a class above these other recent IPOs. It's a big if, but ZNGA has a large base and potential customers thanks to Facebook and apps.
    1 Mar 2012, 11:47 PM Reply Like
  • mike650i
    , contributor
    Comment (1) | Send Message
     
    Really? No profits yet. The site could well be at peak traffic/revenue right now.

     

    The 10X revenue is likely bubble territory already, but is the lack of profits explained somehow?
    2 Mar 2012, 01:46 AM Reply Like
  • untrusting investor
    , contributor
    Comments (9920) | Send Message
     
    Shades of the dotcom bubble all over again.
    2 Mar 2012, 02:02 AM Reply Like
  • David INC.
    , contributor
    Comments (214) | Send Message
     
    I used Yelp last week, The autoPro Mechanic I thought was rippin me, Really was! in fact the Yelp blog site was telling me everybody was bieng defrauded by this autorepair shop. So I got my car out of there and saved my money, and my car. This is a real valueable tool for the general working public. I let the owner know to read this site.
    4 Mar 2012, 01:03 PM Reply Like
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