Yeah, that was probably a pretty stressful morning... It'll be fascinating to see how N closes today.
When trading began yesterday, it looked as if the IPO investors had buyer's remorse. The stock fell as low as $23.86 before rebounding strongly to finish at $35.50, up $9.50, or 36.5 percent.
That left NetSuite with a market value of $2.1 billion.
"This has been a surreal experience," Zachary Nelson, NetSuite's chief executive, said shortly after ringing the opening bell at the New York Stock Exchange. Nelson's 3.4 percent stake in NetSuite is now worth $73 million.
Ellison's NetSuite holdings are now worth $1.15 billion, enlarging his estimated $26 billion fortune before the IPO.