May 21st, 2009 - MarketWatch
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NEW YORK (MarketWatch) -- OpenTable Inc. priced its initial public offering at $20 a share for its stock-market debut on Thursday in what is only the second venture-backed deal since August of 2008.
OpenTable (OPEN) offered 3 million shares at $20 a share -- for proceeds of $60 million -- with underwriters Merrill Lynch (BAC) and Allen & Co.
The San Francisco-based maker of an online reservation system for restaurants drew strong investor interest in its IPO, which priced above its already upped range of $16-$18 a share. Earlier this week, OpenTable raised its price from $12-$14 a share.
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