Webby News

Dot com meltdown survivor and restaurant reservation software company OpenTable had been a rumored IPO candidate for a while. Still, it shocked many when it finally filed its intention to debut on the Nasdaq back in January. What? Does this company just have a thing for market meltdowns?

There’s still no word on when OpenTable will actually price, but so far, the IPO is still on, signaled by the company filing its first quarter earnings with the Securities and Exchange Commission on Friday. What’s more: It had an OK first quarter. Revenues increased from $13.2 million a year ago to just under $16 million, and the quarter had a modest $366,000 profit. Last year’s first quarter came with an $87,000 loss.

Now that the markets have recovered, I’m betting on a pricing later this year.

Check also related entries:

• Yelp Integrates OpenTable for Restaurant Reservations
• OpenTable Brings Restaurant Reservations to the iPad [PICS]
• OpenTable Ranks Restaurants, Guarantees No Fake Reviews
• Zazuba, An OpenTable For Everything Else
• Ron Conway: IPO Market At Least A Year Away From Opening Up

This entry was posted on Sunday, May 3rd, 2009 at 21:05 and is filed under News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.