OpenTable, Inc. Announces Pricing of Its Secondary Offering
September 23, 2009
SAN FRANCISCO, Calif. — September 23, 2009 — OpenTable, Inc. (NASDAQ: OPEN), a leading provider of free, real-time online restaurant reservations for diners and reservation and guest management solutions for restaurants, today announced the pricing of 6,974,036 shares of its common stock at $28.00 per share in a secondary public offering. In addition, the underwriters have a 30-day option to purchase up to 1,046,105 additional shares of common stock from certain selling stockholders to cover over-allotments, if any.
The sole bookrunning manager of the offering is BofA Merrill Lynch. The senior co-manager is Allen & Company LLC, and the co-managers are Stifel, Nicolaus & Company, Incorporated and ThinkEquity LLC.
A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on September 22, 2009. This offering is being made by the selling stockholders only by means of a written prospectus forming part of the effective registration statement. Copies of the final prospectus relating to the offering may be obtained from the offices of BofA Merrill Lynch at 4 World Financial Center, Attn: Prospectus Department, New York, NY 10080.
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 is a leading provider of free, real-time online restaurant reservations for diners and reservation and guest management solutions for restaurants. The OpenTable network delivers the convenience of online restaurant reservations to diners and the operational benefits of a computerized reservation book to restaurants. OpenTable has more than 11,000 restaurant customers, and since its inception in 1998, has seated more than 110 million diners around the world. The company is headquartered in San Francisco, California, and the OpenTable service is available throughout the United States, as well as in Canada, Germany, Japan, Mexico, and the United Kingdom.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that involve risks and uncertainties, including statements regarding the proposed secondary public offering. More information about potential factors that could affect OpenTable’s business and financial results is contained in its quarterly report on Form 10-Q filed with the SEC on August 11, 2009, and the amended registration statement on Form S-1 filed with the SEC on September 21, 2009. The Company does not intend, and undertakes no duty, to update this information to reflect future events or circumstances.
OpenTable, OpenTable.com, OpenTable logos and other service names are the trademarks of OpenTable, Inc.
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