Open Table, which filed for an initial public offering back in January, wants to be known on the Nasdaq Exchange as OPEN. The online reservations company, based here, set a price between $12 and $14 a share and is looking to raise $16.1 million from the offering. About 10,000 restaurants pay Open Table a one-time licensing fee for its software, as well as a portion of the check from diners who use the service. The company made $366,000 on $16 million in revenues in the first quarter; the company posted a net loss of $87,000 in the same quarter last year. No word on how much stock you can get with your OpenTable points.
[Via San Jose Mercury News]
