yelp

NEWS: Yelp Files for IPO in 2012

Mashable Reports: Yelp, the popular local reviews service, has filed for a 2012 IPO that could raise approximately $100 million for the company. Yelp has been preparing for its IPO for a while now, ever since it rejected a $500 million acquisition offer from Google in early 2010. The IPO could value the company north […]

Mashable Reports: Yelp, the popular local reviews service, has filed for a 2012 IPO that could raise approximately $100 million for the company.

Yelp has been preparing for its IPO for a while now, ever since it rejected a $500 million acquisition offer from Google in early 2010. The IPO could value the company north of $2 billion.

According to the company’s SEC filing, Yelp has more than 22 million reviews, 61 million monthly unique visitors and 529,000 business pages claimed.

Yelp earned approximately $12.1 million in revenue in 2008 and doubled to $25.8 million in 2009. In the first nine months of 2011, the company generated $58.4 million in revenue. However, the company is still not profitable. It lost $7.6 million in the first nine months of 2011, a bit less than the $8.5 million it lost during the first nine months of 2010. Continue Reading