Yelp Inc. (NYSE: YELP) may be up 63% around $24.50 in a strong IPO. What is even more impressive than the price gain is that the trading volume has been stellar. More than stellar…The deal was already at a premium of $15.00 at the pricing versus a price range of $12.00 to $14.00 per share as the last price range. The stock has not traded under $22.00 and at 11:20 AM EST we have seen 12.5 million shares trade hands. Today’s trading volume is already 150% of its total initial public offering share count even if you consider that the overallotment or greenshoe option from the underwriters was exercised. With a gain like this. obviously the option was exercised.
Yelp IPO Volume Off The Charts (YELP)
By
Jon C. Ogg
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About the Author
Jon C. Ogg →
Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. a673b.bigscoots-temp.com.
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