Yelp Looking To Go Public In Early 2012
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With a boost of confidence after Groupon's successful initial stock offering last week, Yelp is readying plans for its own initial public offering in early 2012, the Wall Street Journal and several other publications reported.
If Yelp ends up reaching a projected value of $1 billion to $2 billion, it would further complicate theories that America is in the midst of another tech bubble that's ready to pop at any second. And a second successful stock offering would underscore investor confidence in at least one segment of the economy.
Yelp, like Groupon, faces growing competition from Google and Facebook and smaller rivals such as foursquare.