Skip to main content

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 Groupon, Inc. Report

saw its stock surge 40% on its first day of trading earlier this month

, as did fellow review site

TheStreet Recommends

Angie's List

(ANGI) - Get Angi Inc Class A Report

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

.