Yelp aims to launch an IPO to raise USD 100 million
Yelp has revealed plans to go public through an IPO to raise USD 100 million.
The company is one of the most popular review services on the web today with millions of listings.
Yelp is however still not profitable though future is bright. They do face intense competition from bigger giants in the market including Google which is increasing its focus on the local.
The company said that they would be using the funds generated through the IPO to expand their presence in the market and marketing.
It remains to be seen if they are going to make as much buzz as some other tech companies did in the IPO market in the recent times.