SAN FRANCISCO – Yelp Inc. said Tuesday afternoon that it is commencing an offering to sell about $250 million of its common stock. The company disclosed its plan after reporting third-quarter results, with revenue slightly ahead of Wall Street's estimates. Yelp said it will grant the underwriters of its offering the option to purchase an additional $37.5 million worth of shares. It said it intends to use the proceeds for "additional working capital" and possibly to fund acquisitions. Yelp was trading down more than 4% in after-hours trades on Tuesday afternoon.
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