Investors, pay attention!!! Right after the much hyped Facebook IPO, It’s time for Yelp, the popular local business directory and customer review network. Yelp is ready to hit the public marketplace on March 2 with a $100 million IPO. Since 2005, Yelp has shown a steady growth in terms of both user and revenue. However, the company has not managed to secure a profit and in 2011, it has incurred a net loss of $16.8 million. I think this $100 million public investment may give Yelp the much needed capital to boost the business.
At present over 600,000 local businesses are listed in Yelp and the site features over 25 million reviews. The site in currently operating in 71 local markets and is sure to be a big hit among the small and medium level businesses. Now let us take a quick look at the infographic created by Statista to get a clear understanding about Yelp and its facts, figures and financial history.
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Do you think Yelp stocks will make a sound investment? Share your thoughts in the comments.