Posts Tagged ‘ipo’

Yelp Registers for IPO with SEC – Goldman Sachs to Lead – See What Happens When You Kill the Twitter Tax?

Thursday, November 17th, 2011

Just after we lose San Francisco’s so-called Twitter Tax (you know, the one former Mayor Gavin Newsom signed into law back in aught-four), comes today’s big announcement.

Deets below.

It’s time to party at Yelp:

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Via Yelp.com’s flickrstream

“Yelp Files Registration Statement for Proposed Initial Public Offering

SAN FRANCISCO, Nov. 17, 2011– Yelp Inc. announced today that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) relating to a proposed initial public offering of its Class A common stock. The number of shares to be offered and the price range for the offering have not yet been determined. A portion of the shares will be issued and sold by Yelp, and a portion will be sold by certain stockholders of Yelp.

Goldman, Sachs & Co. will be the lead bookrunning manager and representative of the underwriters for the offering. Citigroup Global Markets Inc. and Jefferies & Company, Inc. will be joint bookrunning managers, and Allen & Company LLC and Oppenheimer & Co. Inc. will be co-managers for the offering. This offering will be made only by means of a prospectus. A copy of the preliminary prospectus, when available, may be obtained from Goldman, Sachs & Co. at 200 West Street, New York, New York 10282, Attention: Prospectus Department, by calling (866) 471-2526 or by e-mailing prospectus-ny@ny.email.gs.com; Citigroup Global Markets Inc. at Brooklyn Army Terminal, 140 58th Street, 8th floor, Brooklyn, NY 11220, by calling (800) 831-9146 or by emailing batprospectusdept@citi.com; or Jefferies & Company, Inc. at 520 Madison Avenue, 12th Floor, New York, NY, 10022, Attention: Equity Syndicate Prospectus Department, by calling (877) 547-6340 or by emailing Prospectus_Department@Jefferies.com.

A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.”

Who’s Doing More “Aggressive Work” on Electric Cars – Nissan or San Francisco?

Tuesday, December 8th, 2009

Remember that Tesla Motors corporation? They were the cock of the walk in the electric car world a few years back. Remember? They finally got a bunch of money from the feds, but they’re going to need to hurry. Why? ‘Cause a real car company is going to start to sell a vehicle that people might actually want to own. The new Nissan LEAF coming soon, so that’s disruptive to Tesla’s business model.

Will it actually go 100 miles on a charge? Maybe not at first, in real life, but it’s a start. Nissan too is getting government money, but that’s only after they’ve put a ton of their own hard-earned yen into the LEAF project.   

Nissan had to choose where to sell the first LEAFs (or is the plural LEAVES?) and they chose the bay area and and handful of other places. O.K., maybe our Quimby-esque Mayor hectored them into doing so and that’s the only reason they’ll be selling LEAFs in town, I don’t know. IMO, Nissan is doing the vast majority of heavy lifting here while San Francisco is simply spending a couple mil. we got from the feds. Is that a public-private partnership? It’ll do, I s’pose.

General Motors / Saturn never really had its EV1 / Impact electric vehicle available for lease to rich people (GM just didn’t lease them to all comers – you had to prove to GM you were worthy) in the bay area back in the day because of all our hills – that was a major factor. (The few people that got EV1′s here were always worried about running out of gas, so to speak, causing them to drive at night without the headlights on and/or guide their crippled steeds into bus zones for temporary parking, and later on, DPT towaway. Remember that, G? Good times.) Getting a LEAF will be a much easier affair.

You already know the Nissan Versa. The LEAF will be a swoopier version and, of course, electric powered:

IMG_0975

Here it is. The LEAF is a babe-magnet, apparently.

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via kosabe

How much will it cost? Don’t know. Should you install a charger station now, while the permits are free? Don’t know. Will this be a popular car in the bay area? Probably.

Anyway, the deets after the jump.

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