OpenTable wins big with hearty IPO
Online restaurant reservation site OpenTable (trading as OPEN) has stunned the market with the best IPO performance of any company since 2007 (Orion Energy Systems), reaping a 59 percent gain with share prices closing at $31.89 on the Nasdaq — a staggering upsell from its anticipated $20.
The stock spiraled as high as $35.50, a 78 percent gain, as market analysts watched, both concerned that it was overstepping its bounds and positing that the small size… Continue Reading
OpenTable ups share price for IPO as Silicon Valley watches closely
Online reservation service OpenTable is predicted to go public this week — much to the excitement of the Silicon Valley community — and it just lifted its estimated price range from $12 to $14 per share to $16 to $18 in response to investor demand. The filing would mark the fifth and smallest technology offering this year, boding well for other young companies finding their legs after the fourth-quarter market freeze.
Last year, we predicted OpenTable… Continue Reading
Roundup: OpenTable IPO this week, big cell phone launches approaching, Google facing antitrust scrutiny
Here’s the latest action:
OpenTable going public — Silicon Valley will likely welcome its first IPO in a while this week from the restaurant-reservation site.
Will the summer bring blockbuster cell phone sales? — The launch of the Palm Pre, iPhone 3.0 software, and others could juice cell phone sales. The New York Times has more.
FTC drops case against Rambus – After years of litigation, the Federal Trade Commisison is no longer pursuing an antitrust case against memory chip… Continue Reading
Roundup: Hulu eyes world domination, Schmidt busts antitrust talk, Nokia plots app store and more
Hulu closer to going global — The online video site backed by NBC Universal and Fox has signed a bevy of content deals with overseas television producers with an eye toward British and Bollywood programming.
OpenTable sets terms for IPO — The restaurant reservation service plans to sell 3 million shares for somewhere between $12 and $14 each to raise $16.1 million net from an IPO underwritten by Merrill Lynch & Co.
iPhones to point North — The next model… Continue Reading
OpenTable seats 3M diners a month, releases mobile version
updated
OpenTable, the San Francisco company that lets you make online reservations at any of 8,500 restaurants, said it it is seating three million diners a month, which means it’s making some serious cash — in the multiple millions of dollars a month, based on back-of-the-envelope math.
The company also has released mobile version of its site (it’s about time, you’d think, given this service should be ideal for people on the go). See screenshots.
OpenTable is apparently… Continue Reading