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The San Francisco online restaurant reservationj company plans to raise upto $42 millioh with the sale of 3 millionm shares. At the middle of its expected price rangeof $12 to $14 a the company would be valuesd at $281 million. Saled at the company rose 36 percentfto $55.8 million in 2008, a year in whicgh it lost $1.02 million. The company plans to trade on Nasdaq under thesymbol “OPEN" and use the moneyg from the IPO for general corporate purposes and possiblde acquisitions. OpenTable's CEO Jeffrey Jordan was previouslg presidentof , 's (NASDAQ:EBAY) onlinse payment subsidiary. Its venturre backers include Menlo Park-based firms and . The otheer U.S.
company going publicd this weekis , an Austin, Texas, network managementr software maker. It plans to raise up to $139.3 million on the sale of 12.1 million It plans to trade on the New York Stockj Exchange under the symbol SolarWinds competeswith . (NYSE:HPQ) and (NASDAQ:CSCO) by offeringy lower prices tha the valle ysoftware giants. Its sales rose 51 percentf to $93.1 million last year, with net income up 64 percent to $22.3 million. Only three other U.S. companies have gone publi so farin 2009, followinfg a fourth quarter last year in which there were no domesti c IPOs.
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