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(Image from article: "Daily Deals Rescue Local-Ad Market")

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Yelp Moves Toward IPO, Picks Bankers

YelpInc., the online review website, has picked Goldman Sachs Group Inc. and Citigroup Inc. to lead an initial public offering that could value the company at up to $2 billion, according to people familiar with the plans. Yelp intends to file its IPO plans publicly within the next few weeks, said one person familiar with the matter. It's aiming to complete the sale in the first quarter, though timing may change with market conditions, the person said.

Senh: Another internet IPO. There's no mention of Yelp's revenue in the article, just a valuation. I hope it's not the start of another internet bubble.

 

Daily Deals Rescue Local-Ad Market

Daily Deals Rescue Local-Ad Market

To win in the fast-growing digital-advertising market, Web companies such as Facebook, Google and Groupon are increasingly wooing mom-and-pop businesses.

 

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