Davis Polk advised the underwriters in connection with a follow-on offering of 4,312,500 shares of Class A common stock of Yelp Inc. The offering resulted in gross proceeds of approximately $288.9 million. Goldman, Sachs & Co., Citigroup Global Markets Inc. and Jefferies LLC acted as joint book-running managers of the offering. Oppenheimer & Co. Inc. and Cowen and Company, LLC acted as co-managers. Yelp’s Class A common stock is traded on the New York Stock Exchange under the symbol “YELP.” 

Yelp connects people with great local businesses. Yelp was founded in San Francisco in July 2004. Yelpers have written more than 47 million rich, local reviews, making Yelp the leading local guide for real word-of-mouth on everything from boutiques and mechanics to restaurants and dentists.

The Davis Polk corporate team included partner Alan F. Denenberg and associates Nicholas J. Dashman and Max Brunner. Partner Rachel D. Kleinberg and associate Catherine Paskoff Chang provided tax advice. Counsel Marcie A. Goldstein provided FINRA advice. The intellectual property team included partner Frank J. Azzopardi and associate Jansen A. S. Thurmer. Members of the Davis Polk team are based in the Menlo Park and New York offices.