Yelp! Inc. has just filed for its initial public offering. The initial paperwork lists no terms but the preliminary amount is for up to $100 million. While the YELP ticker has been taken, it did not specify a listing on NYSE or NASDAQ.
The book runners are Goldman Sachs, Citigroup, and Jefferies; co-managers are Allen & Company and Oppenheimer.
Yelp “connects people with great local businesses”… featuring over 22 million reviews of almost every type of local business, from restaurants, boutiques and salons to dentists, mechanics, plumbers and more:
- 22 million reviews on our platform as of September 30, 2011, up 66% from the prior year
- 61 million unique visitors on a monthly average basis for the quarter ended September 30, 2011, up 63%
- recognized revenue from approximately 19,000 active local business accounts for the quarter ended September 30, 2011, up 75%
In the first nine months of 2011, Yelp! generated $58.4 million in net revenue, up 80% from a year earlier. Its net loss during that period was $7.6 million with an adjusted EBITDA loss of $1.1 million.
JON C. OGG
Travel Cards Are Getting Too Good To Ignore
Credit card companies are pulling out all the stops, with the issuers are offering insane travel rewards and perks.
We’re talking huge sign-up bonuses, points on every purchase, and benefits like lounge access, travel credits, and free hotel nights. For travelers, these rewards can add up to thousands of dollars in flights, upgrades, and luxury experiences every year.
It’s like getting paid to travel — and it’s available to qualified borrowers who know where to look.
We’ve rounded up some of the best travel credit cards on the market. Click here to see the list. Don’t miss these offers — they won’t be this good forever.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
