 |
|
|
Yelp is one of the top names in social |
|
|
media today. |
|
|
Released on Thursday, November 10, 2011, 8:00 AM ET
Pittsburgh, PA (SpeculatingStocks) - Yelp is one of the top names in social media today. The company provides online reviews of local businesses. Yelp is a more advanced Angie’s List and more focused on brands than independent contractors.
Angie’s List IPO is expected to be around $700 million while the Yelp IPO is expected to be around $1.5 - $2 billion.
Goldman Sachs and Citigroup will be the lead underwriters for the IPO. At one point, Google tried to takeover Yelp in a $500 million bid.
Early 2012 is expected to be a hot period for social media IPOs with Facebook’s offering possibly occurring in late 2012.
Yelp is a very highly trafficked site, but it’s interesting to note that Yelp.com may have reached its peak. It is off its high levels, but the site is still one of the top 50 most trafficked sites in the U.S.
Find more stocks on the SpeculatingStocks homepage.
Comments:
