Feb 02 2009

OpenTable IPO

Category: BusinessTeknovis @ 21:25

I just read about a company called OpenTable that has started its IPO. OpenTable is an Internet based company that enables customers to make restaurant reservations. The company is based in San Francisco, so it is mainly aimed at US cities. However, some EU countries are included.

What I find interesting about this IPO is the timing. A year or two ago it would have been perfect, but in the current economic climate I am less sure! I think that its strength must be in its market opertunity, because I am not aware of any technology that gives it a competitive advantage.

The full details about OpenTable’s IPO can be read in OpenTable files for first venture-backed IPO of 2009.

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