Yelp Shares Surge in Stock Market Debut

Investors gave Yelp five stars when the online community restaurant and business review website hit the stock market Friday for the first time, its shares soaring more than 60 percent over the IPO price.With social networking powerhouse Facebook's expected $5 billion initial public offering in the wings, Yelp's successful launch on the Nasdaq proved a small but still useful sign of the US market's hunger for established Internet firms.Midway through the session (1730 GMT) shares were at $24.36, a whopping 62.4 percent above the $15 dollar IPO price.

Local business guide and review site Yelp (YELP) had a wildly successful 7.2M share initial public offering ("IPO") that saw shares surge 64% in one day as investors clamored to gain exposure to one of the larger Web 2.0 companies.

Yelp shares are trading sharply higher this morning on their first day of trading in the public market. The online reviews site, which priced its initial public offering at $15 a share, about an hour after the start of trading was quoted at $23.90, up $8.90, or 59.3%. Quite an impressive, 1999-style jump. As my ...

By Robert Broens: Yelp (YELP) is a website that shows reviews for local businesses. The company made its public debut on Friday. There was great demand for the company's shares, which were offered at $15 per share. The opening trades took place at $22 per share and shares ended the day 64% higher to close at $24.58, valuing the company at $1.5 billion. The offering

Consumer review website Yelp Inc's shares traded more than 60 percent above their initial public offering price in their market debut on Friday, as investors rushed to buy a piece of the growing local ...

Yelp's stock is soaring in its stock market debut Friday.

The stock jumped $9.58 to $24.58 in heavy trading despite analyst concerns about the company's long-term prospects, including its effectiveness as an advertising vehicle.Yelp Inc.

Luggage maker Samsonite got off to a poor start on its Hong Kong trading debut Thursday with its shares slumping 10.3 percent from their IPO price on opening amid uncertainty in global markets.The firm's stock opened at HK$13 ($1.67) after an initial public offering, priced at HK$14.50 per share, raised a lower-than-expected $1.25 billion as Samsonite looks to boost its presence in fast-growing Asian markets.Hong Kong's benchmark Hang Seng index opened 1.32 percent lower Thursday.