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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.

Groupon is expected to pick Goldman Sachs and Morgan Stanley as its two lead underwriters for an IPO planned later this year. The IPO is expected to value the Chicago company at between $15 billion and $20 billion, these people said. The valuation could change depending on market conditions at the time of the IPO.

Goldman said it was restricting participation in its new Facebook investment fund only to foreign clients, after receiving intense public scrutiny over the move.

As Goldman Sachs pours $450 million into Facebook, Japan, with a large and growing online advertising market, is a big hole in Facebook’s global fabric.

New money will give Facebook power to steal away employees, develop products and possibly pursue acquisitions, all without being publicly traded.