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February 8, 2010

All Business: IPOs raise questions about this bull market

  • A key test could come with the much-hyped offering for electric-car maker Tesla Motors.
    AP Business Writer

    NEW YORK — You know it's a weak IPO market when a hot technology company prefers Bono to the Nasdaq.

    That's what Yelp did when it raised $25 million in late January from a venture capital firm whose investment team includes the lead singer from U2. The online business-listing service, thought to be a prime candidate for an IPO, now won't go public until late next year at the earliest.

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