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.
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The move also comes as another internet darling, Facebook, is preparing for its own IPO.