Online review site Yelp has hired Goldman Sachs and Citigroup to help lead its initial public offering, according to a new report in The New York Times.
The report confirms the rush of tech companies that have moved to list this year and next, with LinkedIn, Groupon and Pandora already having listed within the past six months.
The new report claims the Yelp IPO will value the company at $US1.5 billion to $US2 billion, and that it will occur in the first quarter of 2012.
Yelp has already raised over US50 million from a number of venture capital sources, with its last funding effort valuing the firm at $US500 million.
ABOUT THE AUTHOR
Patrick Stafford is a freelance journalist and a former deputy editor of SmartCompany.
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