OpenTable shareholders may sell 3.3 million shares
OpenTable files registration statement for stockholders to sell 3.3 million shares
OpenTable Inc. said on Wednesday it has filed a registration statement with the Securities and Exchange Commission to offer 3.3 million more shares owned by current shareholders.
The selling shareholders would get the proceeds, the restaurant reservation company said.
The bookrunning manager on the offering will of Bank of America Merrill Lynch. The underwriters have a 30-day option to buy up to 499,019 additional shares from the selling stockholders.
OpenTable went public in May at $20 per share. On Wednesday its shares fell 81 cents, or 2.6 percent, to close at $30.25.
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