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Restaurant reservation services provider OpenTable files for IPO

January 30, 2009

OpenTable, which provides an online reservation management platform for restaurants via the popular website www.opentable.com, filed with the SEC for an initial public offering on Friday. The San Francisco, CA-based company, which was founded in 1998 and booked $53 million in sales over the last 12 months, plans to list on the NASDAQ. Merrill Lynch is the lead underwriter on the deal. No pricing terms were disclosed.