Tuesday, May 19, 2009

OpenTable Ups Pricing Range

San Francisco-based OpenTable has bumped up its offering range on its IPO, saying in a filing with the SEC Tuesday that it now expects its initial public offering to debut between $16.00 and $18.00 a share. That range is above the firm's prior $12.00 to $14.00 estimate. OpenTable is looking to list on the Nasdaq under the symbol OPEN; the firm's IPO is being underwritten by Merrill Lynch & Co., Allen & Company LLC, Stifel Nicolaus, and ThinkEquity LLC. OpenTable is venture backed by Benchmark Capital, Impact Venture Partners, IAC/Interactive, and Integral Capital.