In a recent WSJ Blog post, Jeremy 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.