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Online restaurant-reservation service OpenTable has filed with the SEC to go public today. DealBook notes that OpenTable is looking to raise $40 million and wants to be listed on the NASDAQ. The sole bookrunning manager of the offering will be Merrill Lynch & Co. OpenTable launched in 1998 and the company claims they have filled over 90 million table reservations.
If you like looking through financial statements (I do), check out the full prospectus on the SEC website. Even if you don’t enjoy looking at the charts, you should still peruse the text of the document. It provides a good overview of what OpenTable is, how they generate income and where they spend. They also discuss the risks associated with the business and they speak openly about their growth rate over the past few years.