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Tuesday, February 21, 2012

Yelp Inc stock symbol

Yelp Inc stock symbol : Online review service Yelp rated its own business Thursday, setting an IPO target of $12 to $14 per share that could value the 7-year-old company as high as $840 million.

The setting of a price range signals Yelp is close to completing its initial public offering of stock. The process began three months ago when Yelp filed its plans to go public.

Although Thursday's filing didn't lay out a timetable, IPO pricings typically occur two to three weeks after the selling company spells out how much it wants for its stock. Yelp's shares will trade on the New York Stock Exchange under the ticker symbol, "YELP."

The company, which is based in San Francisco, plans to sell 7.1 million shares while its charitable foundation will sell 50,000 shares. Investment bankers also have an option to sell an additional 1.07 million shares, depending on investor demand.

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