San Francisco, Calif. • 415 344 4200 • www.opentable.com
IPO DETAILS
IPO Date: 5/20/09
Exchange and Ticker: Nasdaq: OPEN
Filing Range: 3.0M shares @ $12.00 to $14.00
Offering Price: $20.00
Close on First Day: $31.89
Offering Size: $60.00M
Shares Outstanding: 21,604,587
Underwriter: Merrill Lynch
Co-managers: Allen & Co. Inc./ Stifel Nicolaus & Co. Inc./ ThinkEquity Partners
Company Counsel: Latham & Watkins
Manager Counsel: n/a
Auditor: n/a
Market Capitalization on 5/29/09: $312.14M
Closing price at current month end: $28.28
COMPANY DESCRIPTION
Ooperates OpenTable.com, which allows consumers to make restaurant reservations online. The company also provides Internet-enabled customer relationship management (CRM), marketing, yield management and reservations solutions to the food service industry. Additionally, OpenTable provides reservation, table management, and guest management software and hardware to restaurants.
VENTURE BACKERS
Benchmark Capital, Draper Richards, Impact Venture Partners, Venture Frogs and Windspeed Ventures.
STOCK HOLDINGS OF VC FUNDS(For company directors or owners of 5% or more of the company’s shares.)Owner_No. of shares as of 5/20/09_ Value as of 5/29/09_Percentage ownership after offering
Benchmark Capital_5,290,211_$149.6M_24.49%
Impact Venture Partners_3,503,853_$99.1M_16.22%
Integral Capital Partners_1,503,072_$42.5M_6.96%
FINANCING ROUNDSDate_No. of Investors_Round Amount $M_Valuation $M
1/30/03_1_$0.07_n/a
12/4/00_6_$55.00_n/a
9/21/00_1_$0.38_$130.0
1/4/00_3_$10.55_$30.0
5/17/99_3_$2.03_$9.0
4/30/99_4_$0.75_$3.1
FINANCIALS12/31/05_12/31/06_12/31/07
Revenue $M: $16.70_$27.10_$41.10
Net Income $M: $-4.60_$.10_$9.2
EPS: n/a_n/a_$0.04
Source: Thomson Reuters