Bloomberg the Company & Products

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Yelp Sets Sights on Initial Public Offering; Timing Undecided

April 26 (Bloomberg) -- Yelp Inc., the local-business review site started by former PayPal Inc. executive Jeremy Stoppelman, said it’s exploring an initial public offering.

Yelp hasn’t started the process of hiring bankers and doesn’t have a timeline for when it would go public, Vince Sollitto, a spokesman for the San Francisco-based company, said in an interview. He confirmed comments Stoppelman made in a Wall Street Journal article earlier today.

The seven-year-old company sells ads next to user reviews of restaurants, auto mechanics and doctors, connecting local businesses with consumers. Last year, private equity firm Elevation Partners agreed to invest as much as $100 million in Yelp -- a deal that valued the company at $475 million, according to two people familiar with the matter.

Stoppelman said in the interview with the Journal that the company’s finances were sound enough that it didn’t need to raise another round of cash from private investors.

Yelp’s backers also include venture capital firms Bessemer Venture Partners and Benchmark Capital. AllThingsD first reported two weeks ago on Yelp’s plans to pursue an IPO. The company is seeking a new chief financial officer as part of that effort, Sollitto said today.

To contact the reporter on this story: Joseph Galante in San Francisco at

To contact the editor responsible for this story: Tom Giles at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.