SAN FRANCISCO, Calif. — January 30, 2009 — OpenTable, Inc. (“OpenTable”) announced today that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the “SEC”) relating to a proposed initial public offering of shares of its common stock. The number of shares to be offered and the price range for the offering have not yet been determined. The shares of common stock to be sold in this offering are proposed to be sold by OpenTable and certain stockholders.
The sole bookrunning manager of the offering will be Merrill Lynch & Co. The senior co-manager will be Allen & Company LLC, and Stifel, Nicolaus & Company, Incorporated and ThinkEquity LLC will be the co-managers. This offering will be made only by means of a prospectus. A copy of the preliminary prospectus, when available, may be obtained from the offices of Merrill Lynch & Co. at 4 World Financial Center, Prospectus Department, New York, NY 10080.
A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. The registration statement on Form S-1 may be accessed through the SEC’s website at edgar.sec.gov.
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 in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
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 our inception in 1998, we have seated approximately 90 million diners through OpenTable reservations. OpenTable is headquartered in San Francisco, California.