OpenTable Files for IPO
OpenTable Inc., a San Francisco-based operator of an online restaurant reservation system, has filed for a $40 million IPO. It plans to trade on the Nasdaq, with Merrill Lynch serving as lead underwriter. OpenTable reports that it had around $41 million in revenue for the first nine months of 2008, with a $150,000 net income loss. It raised around $110 million in VC funding between 1999 and 2003, from firms like Benchmark Capital (26.42% pre-IPO stake), Impact Venture Partners (17.5%),
30 January 2009•1 min read
