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Yelp takes a hit on $250 million share offering

– 20 hours ago @ marketwatch.com: Yelp’s (NYSE:YELP) shares slid nearly 6% in after-hours trading, with much of the decline coming after the company announced plans to sell an additional $250 million in stock for additional “working capital” for the money-losing online review service.

– 5 hours ago @ thestreet.com: NEW YORK (TheStreet) — If you’re a long-term investor in Yelp , you should be applauding the company’s move to send the stock lower Tuesday. As part of the company’s earnings, Yelp announced it would be doing a secondary offering, raising about $250 million in Class A common stock to help shore up its balance. Its underwriters have the option to purchase an additional $37.5 million in shares …

– 1 week ago @ bloomberg.com: Dianping.com, China’s largest website for location-based food and entertainment services, plans to sell shares in an initial public offering in five years and says it may be worth more than Yelp Inc. (YELP) or Groupon Inc. (GRPN). The company prefers a …

– 4 hours ago @ investorplace.com: Yelp Online review site Yelp (YELP) reported earnings Tuesday, and Yelp stock is off more than 8% in the aftermath. Part of the reason for Yelp stock’s plunge is the announcement of a secondary offering of $250 million. Yelp also posted a loss of $0.04 …

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Mystic Maggie

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