Category: Services

OpenTable, Inc. Prices Initial Public Offering

OpenTable, Inc., a leading provider of free online reservations for diners and guest management systems for restaurants, today announced the pricing of its initial public offering of 3,000,000 shares of common stock at a price of $20.00 per share. A total of 1,572,684 shares are being offered by OpenTable, Inc., and a total of 1,427,316 shares are being offered by selling stockholders. In addition, OpenTable, Inc. has granted the underwriters a 30-day option to purchase up to an additional 450,000 shares to cover over-allotments, if any. The sole bookrunning manager of the offering is Merrill Lynch & Co. The senior co-manager is Allen & Company LLC, and Stifel, Nicolaus & Company, Incorporated and ThinkEquity LLC are the co-managers. OpenTable’s common stock will trade on the NASDAQ Global Market under the symbol “OPEN.”

A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on May 21, 2009. Any offer or sale will be made only by means of a written prospectus forming part of the effective registration statement. Copies of the final prospectus relating to the offering may be obtained from the offices of Merrill Lynch & Co., Attention: Prospectus Department, 4 World Financial Center, New York, New York 10080.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to their registration or qualification under the securities laws of any such state or jurisdiction.

About OpenTable, Inc.

OpenTable provides solutions that form an online network connecting reservation-taking restaurants and people who dine at those restaurants. Our solutions include our proprietary Electronic Reservation Book which computerizes restaurants’ host-stand operations and replaces traditional pen-and-paper reservation books, as well as www.OpenTable.com, a popular restaurant reservation website which diners use to find, choose and book tables in real-time. The OpenTable network includes approximately 10,000 restaurant customers, spanning all 50 states and select international markets. Since its inception in 1998, the company has seated approximately 100 million diners through online reservations. OpenTable is headquartered in San Francisco, California.

 

OpenTable, Inc.
Investor Relations, 415-344-6520
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Shannon Stubo, 415-344-4200
Senior Director, Corporate Communications
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