Yelp IPO watch: While the Facebook IPO is being discussed all over the world, Yelp is also planning its own IPO. According to the report of TechCrunch, Yelp revised the IPO application documents last Friday showing the company intends to list on the New York Stock Exchange under the ticker symbol “YELP”. Read more about the Yelp IPO price.
The application documents also show that the 2011 income of Yelp increased 74.6% compared to 2010, and reached $83.3 million while its net loss surged 73.5% to $16.9 million. Read more about the Yelp financial performance in fiscal 2011.
In 2011, the Yelp monthly unique visiting users amounted to 65.8 million, an increase of 39.3 million compared to 2010, while the number of comments also soared, with a large increase of 15.1 million to 24.8 million.
The Yelp net loss mainly came from sales, marketing and product development. The sales costs and marketing expenditures grew sharply by 61%, to $54.5 million.
Yelp IPO, YELP – Yelp stock price
