Thursday, May 21, 2009

OpenTable's IPO Kicks Ass

OpenTable opened with a bang. It was priced at $20 per share and was at $31.89 as the NASDAQ closed. It's uncertain whether this is a one-time wonder for tech IPOs or a crack in the door.

It looks like Benchmark Capital came out well with 13.29x return on their investment. peHUB has more details on how the other investors fared, "Why it DOESN’T Suck to Be a VC".

More coverage from VentureBeat, "OpenTable wins big with hearty IPO".

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