Social review site Yelp plans to raise as much as $US100 million during its initial public offering, a new regulatory filing made the company confirms.
Although Yelp had officially filed for a public offering last year, the details of the offering have not been updated until now.
The new filing suggests Yelp will price its shares between $US12-14, offering 7.15 million of them. According to Bloomberg, the listing is set to take place in the first week of March.
Such an offering would value Yelp at around $US780 million, which some analysts have suggested is a little higher than some of Yelp’s fellow tech companies that have listed in the past year.
The move also comes as another internet darling, Facebook, is preparing for its own IPO.
Patrick Stafford is a freelance journalist and a former deputy editor of SmartCompany.
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