Yelp shares surge 64 percent in stock market debut

Yelp's stock opened to five-star reviews from investors on Friday, soaring 64 percent even though the company has yet to prove it can make money from its online recommendations.

Employees of the online review site Yelp are seen at the East Coast headquarters of the tech company in New York City 2011. Investors gave Yelp five stars when the online community restaurant and business review website hit the stock market Friday for the first time, its shares soaring more than 60 percent over the IPO price

FILE - In this Oct. 26, 2011 file photo, the logo of the online reviews website Yelp is shown in neon on a wall at the company's new Manhattan offices in New York. Online reviews site Yelp is expected to price its initial public offering of stock on Thursday , March 1, 2012, and become the latest in a long line of social websites going public.

Yelp Shares Soar After Initial Offering

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Yelp CEO and co-founder Jeremy Stoppelman, right, reacts as New York Mayor Michael Bloomberg holds up a tee-shirt Stoppelman presented to him at the opening of the online reviews website's Manhattan offices in New York, Wednesday, Oct. 26, 2011. Yelp opened a 9,500 square-foot space in the same office building where Apple is located on Fifth Avenue near Union Square

Employees of the online reviews website Yelp listen as New York Mayor Michael Bloomberg joined Yelp CEO and co-founder Jeremy Stoppelman at the opening of the company's Manhattan offices in New York, Wednesday, Oct. 26, 2011. Yelp opened a 9,500 square-foot space in the same office building where Apple is located on Fifth Avenue near Union Square

New York Mayor Michael Bloomberg joins Yelp CEO and co-founder Jeremy Stoppelman at the new Manhattan offices of the online reviews website in New York, Wednesday, Oct. 26, 2011. Yelp opened a 9,500 square-foot space in the same office building where Apple is located on Fifth Avenue near Union Square

Yelp: The Prospects for the IPO?

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