SAN FRANCISCO, Aug. 26, 2009 (GLOBE NEWSWIRE) -- OpenTable, Inc. (Nasdaq:OPEN) announced today that it has filed a registration statement with the U.S. Securities and Exchange Commission (the "SEC") for a proposed secondary public offering of 3,326,799 shares of common stock. All of such shares will be offered and sold by stockholders of OpenTable, and the selling stockholders will receive all of the net proceeds from this offering. OpenTable will not be selling any shares of its common stock.
The sole bookrunning manager of the offering will be BofA Merrill Lynch. The senior co-manager will be Allen & Company LLC, and Stifel, Nicolaus & Company, Incorporated and ThinkEquity LLC will be the co-managers. The underwriters have a 30-day option to purchase up to 499,019 additional shares of common stock from the selling stockholders.
This offering is being made by the selling stockholders only by means of a prospectus. A copy of the preliminary prospectus, when available, may be obtained from the offices of BofA Merrill Lynch at 4 World Financial Center, Attn: Prospectus Department, New York, NY 10080.
A registration statement relating to these securities has been filed with the SEC, but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. The registration statement on Form S-1 may be accessed through the SEC's website at edgar.sec.gov.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
About OpenTable, Inc.
OpenTable is a leading provider of free, real-time online restaurant reservations for diners and reservation and guest management solutions for restaurants. The OpenTable network delivers the convenience of online restaurant reservations to diners and the operational benefits of a computerized reservation book to restaurants. OpenTable has more than 11,000 restaurant customers, and since its inception in 1998, has seated more than 110 million diners around the world. The company is headquartered in San Francisco, California, and the OpenTable service is available throughout the United States, as well as in Canada, Germany, Japan, Mexico, and the United Kingdom.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that involve risks and uncertainties, including statements regarding the proposed secondary public offering. More information about potential factors that could affect OpenTable's business and financial results is contained in its quarterly report on Form 10-Q filed with the SEC. The Company does not intend, and undertakes no duty, to update this information to reflect future events or circumstances.
OpenTable, OpenTable.com, OpenTable logos and other service names are the trademarks of OpenTable, Inc.