Review site Yelp, which has turned into a ubiquitous guide to restaurants, opened 60 percent above its strike price of $15 today, valuing the company at $1.43 billion or roughly 17 times its annual revenue.
That’s not bad for a business with only $83 million in revenue last year, on which it managed to lose a record high $16.86 million.
We’ve included a handy graph from Statistica below with lots of detail about Yelp’s user base and financials. Check back in for more analysis at the closing bell.
