Bottom Line - Yelp sets IPO price target, could raise $115 million: "Online review site Yelp has set a price target for its planned public stock offering, which could raise as much as $115 million in what would likely be the first IPO for a major Internet company this year.
Based in San Francisco, the user-generated review website said Thursday it plans to sell 7.1 million shares for $12 to $14 each, while its charitable foundation will sell 50,000 shares and investment bankers have the option to sell an additional 1.07 million shares."
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