This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Yelp Files for $100 Million IPO

NEW YORK ( TheStreet) -- Local reviews site Yelp on Thursday filed for an initial public offering, hoping to raise $100 million.

Yelp, which is not profitable, generated $58.4 million in net revenue for the first nine months of 2011, up 80% from the same period last year. Revenue grew to $48 million in 2011, up from $26 million from the year prior.

The company is likely trying to capitalize on strong demand for Internet offerings in the last few months. Deals site Groupon (GRPN - Get Report) saw its stock surge 40% on its first day of trading earlier this month, as did fellow review site Angie's List (ANGI) during its Nasdaq debut on Thursday.

Around 61 million unique visitors use the Yelp Web site and its mobile application is used on more than 5 million unique devices.

Yelp is looking to trade under the ticker "YELP" though it didn't specify an exchange on its S-1.

-- Written by Olivia Oran in New York



>To follow the writer on Twitter, go to http://twitter.com/Ozoran.

>To submit a news tip, send an email to: tips@thestreet.com.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
ANGI $6.21 -0.48%
GRPN $6.05 -3.70%
AAPL $130.29 -0.19%
FB $80.88 0.74%
GOOG $541.60 1.40%

Markets

DOW 18,057.49 +17.12 0.09%
S&P 500 2,108.56 -3.17 -0.15%
NASDAQ 5,075.4770 -7.4520 -0.15%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs