The local-reviews site Yelp today set a price range for its IPO of between $12 and $14 a share in an offering that would value the company at as much as $839 million.
Yelp, which aims to sell 7.15 million shares, is seeking to raise about $100 million. It expects to price on March 1 and begin trading on March 2 under the ticker YELP.
The San Francisco-based company filed to go public in November, with speculation that it would seek a valuation between $1 billion and $2 billion. Yelp has raised $56 million in venture funding to date. … Read more