Yelp, the online review site, closed 66 percent up on its first day of trading. The site fared far better than other recent notable technology companies that have gone public in the past year.
The company announced Thursday that it would price its stock at $15 per share. The stock price rose quickly Friday after the opening bell, and eventually closed around $24.50.
With luck, Yelp may be able to avoid the cooldown that’s hit other formerly hot tech stocks. Despite hype, Groupon failed to make a huge splash on the market and closed Friday at $19.20, slightly below its initial price of $20 per share.
Zynga, the social gaming giant, has recovered from its bruising debut on the stock market, when it closed below its $10 per share pricing. On the news Friday that the company had launched its own Web site — indicating that it’s starting to extricate itself from a co-dependent relationship with Facebook — the gaming company closed at $14.69.