Finance Geek

Online restaurant reservation management company OpenTable has increased the pricing it expects for its IPO to $16-$18 per share, up from its previous estimate of $12-$14 per share, it said in a SEC filing. At the midpoint, that’s a roughly 30% jump.

OpenTable will offer 3 million shares tomorrow, aiming to raise $21.9 million. The company will trade on the NASDAQ under ticker symbol OPEN.

Read the rest of this story »

More…

This entry was posted on Tuesday, May 19th, 2009 at 9:39 am and is filed under Silicon Alley Insider. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.