Got Cash To Burn? Buy Some OpenTable IPO

So OpenTable, everyone’s favorite online reservation system for restaurants (is there a viable alternative?), is going public.  According to TechCrunch, they want to raise $40 million with their IPO.  I will be shocked if that happens.

I looked over the finances myself and I don’t see it happening.  Speaking specifically to the product: I love their service, but their lack of 15-minute intervals leaves me frustrated.   I’ll be curious to see how their expansion beyond the states goes.  It’s a welcomed service, but that’s about it for me.  I’m far from a financial expert but I don’t expect much.  It’ll be interesting to see their market cap.

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