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Monday, June 4, 2012

Yelp is worth $1.5 billion... Now what?

So Yelp shares popped in the company’s first full day of trading, closing up more than 60 percent over the initial price of $15 per share. This is just the latest in a string of tech IPOs — after Brightcove and LinkedIn — with big first-day gains.  And now at $24.58 a share, Yelp has a market cap of about $1.5 billion.

So what’s Yelp to do with its new riches? Well, if it’s anything like LinkedIn or Zynga, it will start sniffing around for acquisitions to augment its existing platform, to integrate new features and to add talented engineers. Here’s a list of some interesting possible acquisition targets for the company.

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