Review site Yelp has said it is once again considering an IPO, despite the company saying last year it would not seek to go public for a number of years.
Chief executive Jeremy Stoppelman told the Wall Street Journal that “an IPO is back on the table for us”.
However, Stoppelman added that “the process hasn’t officially started yet” and no date has been set for the venture.
“We could raise another private round and push it off, but I don’t see any reason to do that,” he added. “Our existing model feels like a stable platform.”
However, Stoppelman says the company hasn’t reached profitability yet. Such a declaration may mean it will be some time before an IPO is announced.
ABOUT THE AUTHOR
Patrick Stafford is a freelance journalist and a former deputy editor of SmartCompany.
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