Monday, July 11, 2011

OpenTable to test investors' IPO appetite - Silicon Valley / San Jose Business Journal:

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The San Francisco online restaurany reservation company plans to raise upto $42 millionb with the sale of 3 milliobn shares. At the middle of its expected price rangeof $12 to $14 a the company would be valued at $281 Sales at the company rose 36 percenr to $55.8 million in 2008, a year in which it lost $1.02 million. The company planx to trade on Nasdaq under the symbol and use the money from the IPO for genera corporate purposes andpossible OpenTable's CEO Jeffrey Jordan was previously president of , 'sz (NASDAQ:EBAY) online payment subsidiary. Its venturew backers include Menlo Park-based firms and . The other U.S.
companuy going public this weekis , an Austin, Texas, network managemeng software maker. It plans to raise up to $139.43 million on the sale of 12.1 million shares. It planx to trade on the New York Stock Exchangre under thesymbol "SWI." SolarWinds competes with . (NYSE:HPQ) and by offering lower pricexs tha the valleysoftware giants. Its sales rose 51 percenft to $93.1 million last year, with net income up 64 percentrto $22.3 million. Only three other U.S. companiesw have gone public so farin 2009, followingg a fourth quarter last year in which ther e were no domestic IPOs.

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