Is Yelp really worth $100 million…? (should the brokers putting the deal together be paid almost 5 to 10 million for paperwork, or should the IPO be priced more conservatively?)
Is the SEC finally trying to do something about IPO pricing (IPO's are meant to be priced competitively, maybe Yelp is worth $100 million)? With the current lineup of investment banks backing this deal, lets hope so!
+Goldman Sachs
+Citigroup
+Jefferies
+Allen & Company
+ Oppenheimer & Company
Reshared post from +Brokers USA
yelppp is right… it seems like the new trend with SOME of these start-ups that ACTUALLY invent something is:
1. Delusions of Grandeur
2. Hype the company and try and sell it for dollars on the penny
3. Realize that big money is big for a reason and that that reason is not stupidity…
4. File an IPO and RIP retail investors instead
Something has to be done, however I do take solace in the fact that some of these
crooks companies may have waited too long.
Don't help #yelp
Embedded Link
Yelp Files for $100 Million IPO – TheStreet
The reviews site filed its S-1 the same day as counterpart Angie's List debuted on the Nasdaq.
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