Home » Financial » Yelp Says No IPO in 2010 – “Why Rush”

Yelp Says No IPO in 2010 – “Why Rush”

In a recent WSJ Blog postJeremy Stoppelman, the co-founder and chief executive of Yelp, said that it is unlikely to issue an initial public offering for “several years.” Yelp “will definitely not go public this year,” he said. “2011, who knows? But why rush out the door if I can avoid it?”

Rumors last year flews around about Google talking to Yelp about a possible buyout, with TechCrunch reporting the deal at $550+ million. Those rumors were finally silenced when Elevation Partners announced that they had invested $25 million in the company with plans of investing up to $100 million.

Kurt B. Uhlir

Kurt B. Uhlir

Co-Founder at Sideqik
Co-founder Sideqik, with exits at Vitrue & Navteq to Nokia & Oracle; SoTech founder. 10+ U.S. and international patents, including fundamental patents covering check-in services and major parts of mobile advertising; part of dozens of acquisitions and significant international on the ground experience The Sideqik platform connects marketing partners and makes those partnerships more effective. Where partners market together - Together Marketing
Kurt B. Uhlir

@KurtUhlir

Adrenaline fueled founder/advisor, lead inventor on 12 US & Int patents, husband & full-time Jedi. Add in faith in Jesus, outdoors, adventure & fun @TeamSideqik
Always smile with pride at my team web a new sign up say "I read about you in B2B magazine and was curious". @TeamSideqik - 8 hours ago
Kurt B. Uhlir


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