Yelp Prices Initial Public Offering

SAN FRANCISCO, March 1, 2012 /PRNewswire/ -- Yelp Inc. (NYSE: YELP) announced today the pricing of its initial public offering of 7,150,000 shares of Class A common stock at a price to the public of $15.00 per share. The shares are expected to begin trading on the New York Stock Exchange under the ticker symbol "YELP" on Friday, March 2, 2012. A total of 7,100,000 shares are being offered by Yelp, and a total of 50,000 shares are being offered by a selling stockholder, The Yelp Foundation.  In addition, the underwriters have an option to purchase up to an additional 1,072,500 shares from Yelp. Yelp will not receive any proceeds from the sale of shares by the selling stockholder.

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Goldman, Sachs & Co. is the lead bookrunning manager and representative of the underwriters for the offering. Citigroup Global Markets Inc. and Jefferies & Company, Inc. are joint bookrunning managers, and Allen & Company LLC and Oppenheimer & Co. Inc. are co-managers for the offering.

The offering will be made only by means of a prospectus. A copy of the prospectus, when available,  may be obtained from 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. at Brooklyn Army Terminal, 140 58th Street, 8th floor, Brooklyn, NY 11220, by calling (800) 831-9146 or by emailing batprospectusdept@citi.com; or Jefferies & Company, Inc. 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.

A registration statement related to these securities has been declared effective by the Securities and Exchange Commission on March 1, 2012. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Contact Information:

Media Contact Information
Yelp Press Office
Stephanie Ichinose
(415) 908-3679
stephanie@yelp.com    

Investor Relations Contact Information
The Blueshirt Group
Todd Friedman, Stacie Bosinoff
(415) 217-7722
todd@blueshirtgroup.com
stacie@blueshirtgroup.com

SOURCE Yelp! Inc.



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