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Can OpenTable keep its early gains?

Posted May 24th 2009 2:40PM by Tom Johansmeyer (RSS feed)
Filed under: Competitive Strategy, Initial Public Offerings, Recession

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?

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Last updated: May 28, 2012: 09:15 AM

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