Yelp Prices IPO Above Range at $15 Per Share

NEW YORK ( TheStreet) -- Yelp ( YELP) has priced its initial public offering at $15 per share, above its projected range of $12 to $14, according to multiple media reports.

The online business review company sold 7.15 million shares in the offering, raising $107 million, according to The Wall Street Journal. The company's stock is expected to start trading Friday on the New York Stock Exchange.

In the company's latest S-1 filing with the Securities and Exchange Commission on Feb. 16, Yelp said it lost $16.9 million in 2011 on revenue of $83.3 million, wider than its loss of $9.7 million in 2010 on revenue of $47.7 million.

Yelp also said in its filing that the majority of the reviews on its site are of restaurants (42%) followed by shopping (20%), and that it averaged 66 million unique visitors on a monthly basis for the December-ended quarter, up 67% from the same period in the prior year.

-- Written by Michael Baron in New York.

>To contact the writer of this article, click here: Michael Baron.
Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.

If you liked this article you might like

GrubHub Is Remarkable, So It's Crazy How Many Have People Have Bet Against It

History May Be Prologue on Snap-Like IPOs

Fantasy Football and Picking Stocks: Cramer's 'Mad Money' Recap (Tues 8/15/17)