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Yelp Files to Raise $100 Million in Initial Public Offering

Yelp Inc., a site featuring user reviews of restaurants and businesses, filed to raise as much as $100 million in a 2012 initial public offering, seeking to become the latest unprofitable Internet company to go public.

San Francisco-based Yelp will use its name as a ticker, and didn’t disclose how many shares it will offer or at what price. The $100 million dollar amount is typically used as a placeholder to calculate fees and may be subject to change.