Yelp is going to need help when it has an initial public offering so it has selected some prominent bankers. They are: Goldman Sachs and Citigroup, according to news reports.
The IPO could take place early in 2012 – perhaps in the first quarter of next year, say news reports. The Business Insider adds that Yelp was discussing a public offering as early as July. Back then, the company named a new CFO, Rob Krolik, who used to work at Move Inc., according to The Business Insider. He also was a key player in the 2004 IPO of Shopping.com, news reports said.
With the IPO, the company may be valued somewhere between $1 billion and $2 billion, according to a report from The Wall Street Journal. The New York Times said the value of the company would be between $1.5 billion and $2 billion in connection with the IPO.
IPOs for social media and similar companies have led to anticipation from investors. It was just last week, for example, when Groupon sold $700 million in shares, “the largest technology I.P.O. since Google’s in 2004 — despite a lack of profits and skepticism about its long-term sustainability,” The Times said. Although Groupon shares dropped in value on Tuesday, on its first day of trading Groupon shares jumped 30 percent. The company was valued at $16.5 billion, The Times said. Goldman Sachs and Citigroup took part in the Groupon IPO... Read More
By 
Tidak ada komentar:
Posting Komentar