Our local computerized reservation service made good on its first day as a publicly traded company. OpenTable’s stock jumped 59.5 percent, opening at $20 and closing at $31.89. The IPO performed better than any since 2007, according to the Wall Street Journal. Trading under the name OPEN, the company raised some $60 million (it had initially hoped to bring in about $40 million), which should ensure your ability to cash in those points for some time to come. Though some have raised questions about the company’s long-term viability, suggesting it may run into trouble maintaining its current level of expansion, we’re more interested in this pressing quesiton: Where are they having their staff party? [Via Wall Street Journal]
