Yelp Reportedly Preparing to Go Public

Image: Yelp.com

Crowdsourced review website Yelp has started down the path toward an initial public that could lead to an IPO valuing the company as high as $2 billion, according to a story first reported today in the Wall Street Journal.

If all goes according to plans, sources familiar with the situation told the Journal, then Yelp will publicly file its IPO plans within the next three weeks and expects to complete the sale in the first quarter of 2012.

The San Francisco-based company has accumulated 63 million monthly users to the Yelp.com site in its seven years in business. It has also previously raised $50 million in venture capital from investors including Benchmark Capital and DAG Ventures.

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