2 posts and columns on IPO Boutique

The OpenTable Binge and Purge

in News on May 25, 2009 at 1:31 pm PT

For a company whose business is built on the recession-brutalized fine-dining industry, OpenTable’s IPO last week was impressive. Must have made for quite a windfall for the company’s larger investors. Especially those who took the opportunity to dump their stakes in their entirety.
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OpenTable Shareholders Apparently Booking Reservations in Empty Restaurants

in News on May 21, 2009 at 10:53 am PT

Anyone who dismissed OpenTable’s IPO price of $20 as grossly overpriced has, in short order, been proven grossly mistaken. Shares in the online restaurant reservation company opened at $24.50 apiece, up 23 percent from its IPO price. As I write, they’re trading at $28.72 after topping out at $30–-more than double their original price range.
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