Yelp Plans to Raise $100 Million from IPO
Posted on February 18, 2012Bloomberg reports that Yelp plans to raise up to $100 million from its IPO offering. Yelp will offer 7.15 million share for $12 to $14. on March 1st. It will trade on the NYSE under the ticker symbol YELP.
Yelp provides reviews of businesses and services. According to Yelp's stats page, it has 66 million monthly visitors and 25 million reviews. They also say they have 5.7 million monthly unique visitors on its apps.
The Wall Street Journal's Lynn Cowan says Yelp is not profitable and never has been. She does say Yelp's revenue is growing. Take a look: