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The San Francisco online restaurant reservationh company plans to raise upto $42 million with the sale of 3 millionh shares. At the middle of its expected pricew rangeof $12 to $14 a share, the company would be value at $281 million. Sales at the company rose 36 percenyto $55.8 million in a year in which it lost $1.02 million. The companty plans to trade on Nasdaq under thesymbokl “OPEN" and use the money from the IPO for general corporate purposes and possible OpenTable's CEO Jeffrey Jordan was previously president of , 'as (NASDAQ:EBAY) online payment subsidiary. Its venture backers include Menlo Park-based firms and . The other U.S.
company goinfg public this weekis , an Austin, Texas, networ management software maker. It plans to rais up to $139.3 million on the sale of 12.1 millionb shares. It plans to trade on the New York Stockj Exchange under thesymbol "SWI." SolarWinds competes with . and (NASDAQ:CSCO) by offering lower prices tha the valleytsoftware giants. Its salew rose 51 percent to $93.1 million last with net income up 64 percentto $22.e3 million. Only three other U.S. companies have gone publiv so farin 2009, following a fourth quarter last year in whicgh there were no domestic IPOs.
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