NetSuite news stories on Newser

Web 2.0 Firms Taking Slower Route to IPOs

Jim O'Neill — Thu, 06 Mar 2008 13:19:00 CST

Growing Web 2.0 companies like LinkedIn, Facebook, and Slide are biding their time before going public, making sure to run up their value as much as possible to fetch top dollar with an IPO, reports Business Week . It’s a far different approach than companies took before the dot-com bubble...

NetSuite IPO Brings Market Early Christmas Gift

Jim O'Neill — Fri, 21 Dec 2007 06:19:04 CST

Online software provider NetSuite reminded Wall Street of the good old days yesterday as the year’s final IPO scored a 36.5% increase over its opening price, reaching $35.50 by the NYSE closing bell, reports the Wall Street Journal . The company, backed by Oracle CEO Larry Ellison, in the...

NetSuite Doubles IPO Price

Jim O'Neill — Thu, 20 Dec 2007 05:11:00 CST

On-demand software vendor NetSuite has doubled the price on its IPO after a Dutch-auction-style bidding war over the past two days saw investor interest surge. After originally pricing the offering at $13-$16, NetSuite bumped it to $16-$19 Tuesday and then $19-$22 yesterday. Late last night the company set a target...

Ellison-Backed IPO Wraps '07

Jim O'Neill — Mon, 17 Dec 2007 07:40:47 CST

On-demand software company NetSuite goes public this week with an offering likely to draw the bulk of attention in an otherwise quiet finale for IPOs. Only three firms will go to market, compared to eight in last year’s final week. Oracle CEO Larry Ellison’s NetSuite hopes to raise $100 million,...

Netsuite Hopes for $99M in IPO

Nick McMaster — Thu, 06 Dec 2007 17:46:12 CST

The IPO for Oracle CEO Larry Ellison’s ‘software-as-a-service’ company, Netsuite, is gearing up as the company set an initial price range yesterday of $13 to $16 a share for 6.2 million shares planned for release, News.com reports, a 10% stake. Netsuite hopes to raise $99.2 million in...

With IPO, Ellison Walks $500M Tightrope

Peter Fearon — Tue, 03 Jul 2007 05:30:09 CDT

It's murky waters ahead for Oracle CEO Larry Ellison, a day after rival NetSuite Inc. revealed in an IPO filing that the outspoken billionaire holds a 74% stake. That puts Ellison, whose Oracle holdings are valued at $24 billion, in a tricky spot: Other shareholders may view the joint investments...