According to The Wall Street Journal, Yelp has decided not to go through another round of financing, instead looking to go public at some point. The article mentions that it is not yet known exactly when the seven-year-old company might go public, and the IPO process has not yet begun. Founded in 2004, Yelp has been offered buyouts from tech giants Yahoo and Google in the past, according to the Wall Street Journal, and last year the company said that if there were to be an IPO, it probably would not happen for several years.
As of early 2011, Yelp was seeing nearly 50 million people on its site each month, with a total of more 15 million reader reviews posted. Yelp's reviews include restaurants, with more than 3,500 dining spots in the Boston area reviewed by its readers. In addition to reviews and local searches, Yelp is also a place to find events, special deals, and more. Its website can be found at http://www.yelp.com/
To read more about the possibility of Yelp going public, please go to the Wall Street Journal link below.
Yelp Plans to Go Public, Despite Booming Private Market
Thanks to Grub Street Boston for bringing this to our attention.
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