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KaChing hopes to be the sound of success

KaChing! KaChing!

It only makes sense to call a company a sound you like to hear. This is exactly what CEO and co-founder Andy Rachleff must have had in mind. His new company -- kaChing, of course -- is backed by Marc Andreesen (a name often associated with that sound) and Jeff Jordan, the CEO of OpenTable (NASDAQ: OPEN), two guys who usually do a solid job of backing winners. But, they've taken on a challenge by backing a company in the financial services industry.

Continue reading KaChing hopes to be the sound of success

Comfort Zone Investing: Remember IPOs? They're back ... sorta

IPO. Initial public offering. Or as they used to be known among the Wall Street cynics: "It's probably overpriced." Not any more. Nothing that is too expensive will fly these days. In fact, if it's not a bargain, don't bother to talk with the bankers. Investors want history, especially ones with increasing sales and profits.

The year 2009 has already produced more IPOs than all of 2008. Sound impressive? Here are the numbers: this year there have been seven. So there aren't a lot of companies going public right now, but still, there are some. And most of them are doing well.

Continue reading Comfort Zone Investing: Remember IPOs? They're back ... sorta

Russians take a piece of Facebook

For many tech companies, it's nearly impossible to raise capital -- at least at an attractive valuation. But, in the case of Facebook, life is different. As expected, the fast-growing social networking website was able to raise $200 million.

And the valuation? A cool $10 billion. Then again, keep in mind that Microsoft Corporation (Nasdaq: MSFT) invested $240 million in Facebook in October 2007 at a whopping $15 billion valuation.

Continue reading Russians take a piece of Facebook

Can OpenTable keep its early gains?

OpenTable Inc. (NASDAQ: OPEN) came into the world with a bang on Thursday, shooting from $20 a share to a peak of $33 before settling down for the week at $28.75. A 44% gain makes this the second strong initial public offering (IPO) for a venture-backed company, following the SolarWinds Inc. (NYSE: SWI) debut the day before.

Originally, OpenTable planned a price range of $12 to $14, which crept up to $16 to $18, and eventually to its final level of $20.

Continue reading Can OpenTable keep its early gains?

Investors to feast on the OpenTable IPO

OpenTable, which plans to launch its IPO this week, announced that the price range on the offering has gone from $12-$14 to $16-$18. In other words, there's quite a bit of investor interest in the deal. In all, the company plans to issue three million shares (about half of which will be sold by insiders of the company).

OpenTable operates an online network that manages reservations for restaurants. Some of the functions include table management, guest recognition and email marketing.

Continue reading Investors to feast on the OpenTable IPO

OpenTable serves up an IPO filing

Since getting its start in 1998, OpenTable has been a key part of the restaurant system. Essentially, the company has an online platform -- called the Electronic Reservation Book (ERB) -- that helps facilitate reservations. In fact, the system has seated about 2.8 million diners per month over the past year.

Well, now OpenTable has filed to go public.

Continue reading OpenTable serves up an IPO filing

Symbol Lookup
IndexesChangePrice
DJIA+30.6910,464.40
NASDAQ+6.872,176.05
S&P 500+4.981,110.63

Last updated: November 26, 2009: 03:45 PM

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