Yelp IPO Named #1 Business Deal of 2012 by TIME Magazine
Palo Alto, Calif. – December 6, 2012 – Cooley LLP announced today that longtime client Yelp's initial public offering was named the "#1 Business Deal of 2012" by TIME Magazine. Cooley advised Yelp on the $123 million IPO in March, as well as on its acquisition of Europe's largest local reviews site, Qype, in October.
Exemplifying why Yelp's IPO was the #1 business deal in 2012, TIME quotes Kendall Whitehouse, director of new media at the University of Pennsylvania's Wharton School: "One of the things that is attractive about Yelp is the site's closeness to the user's purchase decision… and that should be easy to monetize." On the first day of trading on the New York Stock Exchange, Yelp's shares closed 64% above the opening price.
The Cooley team that advised Yelp on its IPO was led by partners Craig Jacoby, Kenneth Guernsey and David Peinsipp and Wendy Davis and included associates Amanda Busch, Robert Jones, Siana Lowrey and Christopher Yamaoka and paralegal Eric Steiner.
The team that advised Yelp on its acquisition of Qype included partners Jennifer Fonner DiNucci, Jodie Bourdet, David Peinsipp and Mark Windfeld-Hansen, of counsel Diane Savage and associates Robin Bennett, Amanda Busch, Aaron Pomeroy and Tali Sealman.
View the TIME article here.
About Cooley LLP
Cooley's 700 attorneys have an entrepreneurial spirit and deep, substantive experience, and are committed to solving clients' most challenging legal matters. From small companies with big ideas to international enterprises with diverse legal needs, Cooley has the breadth of legal resources to enable companies of all sizes to seize opportunities in today's global marketplace. The firm represents clients across a broad array of dynamic industry sectors, including technology, life sciences, venture capital, clean energy, real estate and retail.
The firm has full-service offices in eleven major business and technology centers: Boston, MA; Broomfield, CO; Los Angeles, CA; New York, NY; Palo Alto, CA; Reston, VA; San Diego, CA; San Francisco, CA; Seattle, WA; Washington, DC; and Shanghai, China.