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.
