Yelp filed for an initial public offering Thursday, joining a cadre of social websites that have either made the leap into public trading recently or are aiming for it in the near future. In going public, Yelp hopes to raise as much as $100 million. The San Francisco-based company has gained popularity since its 2004 launch as a user-updated online database of 22 million reviews of restaurants, salons, dentists and other service businesses. The company said it draws an average of 61 million visitors per month as of the end of its last fiscal quarter.
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Yelp Rates Itself Worthy of an IPO
Posted by: Rachelle Dragani November 18, 2011 10:51 AMYelp filed for an initial public offering Thursday, joining a cadre of social websites that have either made the leap into public trading recently or are aiming for it in the near future. In going public, Yelp hopes to raise as much as $100 million. The San Francisco-based company has gained popularity since its 2004 launch as a user-updated online database of 22 million reviews of restaurants, salons, dentists and other service businesses. The company said it draws an average of 61 million visitors per month as of the end of its last fiscal quarter.