Friday, January 30, 2009

OpenTable Files For IPO

San Francisco-based OpenTable, which operates an online service for managing reservations for restaurants, said in a filing Friday that it is looking to raise up to $40M in an IPO Nasdaq Global Market. The IPO is being underwritten by Merrill Lynch & Co.; Allen & Company LLC; Stifel Nicolaus and ThinkEquity LLC. The firm said it earned $9.2M on revenues of $41.1M in 2007, and lost $149,000 on revenues of $41.3M for the nine months ended September 30th. OpenTable is venture backed by Benchmark Capital, Impact Venture Partners, IAC/Interactive, Integral Capital, along with others.