Year and a half ago a private equity firm Elevation Partners Financing $ 100 million and use $ 75 million of which repurchase the company’s employees and early investors in the hands of the stock. On December 2009,Yelp was in advanced negotiations with Google to buy the company for more than $500 million. but Yelp's CEO had rejected the Google offer. Therefore, Google had launched its own location service Google Places, to compete with Yelp.
On July 2011 Yelp hired a public company experience of Colorado Rick Rob (Rob Krolik) as the company’s chief financial officer, which has taken the first step in the journey to market. Rick has served as Colorado’s chief financial officer Move.com Web site, but also helped Shopping.com website listed and sold to eBay, and eBay as vice president of global financial business. As Yelp’s chief financial officer, Rob will be responsible for corporate finance, accounting, investor relations and real estate functions.
according to news from many financial medias , Yelp will submit a prospectus in a few weeks for initial public offering (IPO) on Q1-2012 with $ 2 billion valuation. Yelp has selected investment banks Goldman Sachs and Citigroup, as co-underwriter of the IPO
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