Yelp Seeks to Raise Up to $100 Million in Initial Offering
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Yelp Inc., the user-generated review website, plans to raise as much as $100 million in what may be the first initial public offering from a major Internet company this year.
Yelp, based in San Francisco, said in a regulatory filing yesterday it will offer 7.15 million shares for $12 to $14 each. The pricing is scheduled for March 1, according to data compiled by Bloomberg, and the stock will trade on the New York Stock Exchange under the ticker YELP.