Yelp Preparing to Go Public, Needs New CFO
Yelp Preparing to Go Public, Needs New CFO
Posted 04/26/2011 at 3:02pm
| by Ryan Whitwam
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In perhaps another sign the economy is recovering, popular internet brand Yelp is looking to make an initial public offering (IPO). CEO Jeremy Stoppelman told the Wall Street Journal in an interview the an IPO was back on the table. Stoppelman didn't say when the company would make the move, but indicated they were looking to bring a new CFO on board before moving forward.
Back in late 2009 Google was in talks to buy the user reviews company for somewhere around $500 million. The deal fell apart, and Yelp fell back on private funding. At the time, the word was that an IPO was off the table. Despite apparently finding solid backers, Yelp feels the public market is ready for another internet start up now.
Companies like Pandora and Linkedin have recently taken steps to join the publically traded market. All these smaller IPOs could eventually lure out the great white whale that is Facebook, but for the time being, we'll have to make do with what we've got.
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