This Wednesday at 12:45 p.m. ET/9:45 a.m. PT, The Motley Fool's top analysts will be hosting a live blog breaking down what Apple's iPad 3 press conference means for investors. The best part? They'll also be taking any questions you have about the tablet and Apple as an investment. Make sure to set a reminder to come back to Fool.com this Wednesday for all your iPad 3 news and analysis!
It must be fun to snub one of the most important companies in cyberspace. Is spurning advances and overtures from Google
With shares of review aggregator Yelp
The original bid from December 2009 was allegedly in the ballpark of $500 million or so, but CEO Jeremy Stoppleman decided to remain independent. Google then moved on and ended up acquiring Zagat late last year, as another way to play in reviews and ratings, albeit more specialized in restaurants than Yelp's free-for-all.
Yelp's IPO was priced at $15, which valued the company at around $900 million, factoring in the roughly 60 million shares outstanding. The opening pop at $22 pegged its value at over $1.3 billion, and the first day's high of $26 brought its capitalization to nearly $1.6 billion. Even the pullback over the past couple of days after the fading of the honeymoon glow, has brought shares to around $20 and a $1.2 billion valuation. Not too shabby, relative to that initial half-billion offer from Google.
Overhyped darling Groupon
In these two cases, going it alone has resulted in reaching at least twice the valuations that Google offered the smaller companies. Looks like saying no to Big G is all the rage nowadays.
None of the companies mentioned here happen to be The Motley Fool's Top Stock of 2012. That enviable title is reserved for one small retailer that's tapping into explosive growth in emerging markets south of the border. Get the free report now.
Fool contributor Evan Niu holds no position in any company mentioned. Click here to see his holdings and a short bio. The Motley Fool owns shares of Google. Motley Fool newsletter services have recommended buying shares of Google. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.