2014

Yelp Announces Closing of Follow-On Offering

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.



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