Thursday, December 20, 2007

NetSuite prices IPO at $26 share, raising $161m - The Boston Globe

IPO 2.0...

NetSuite Inc. priced its initial public offering at $26 per share yesterday, raising $161 million for its online business software service.

The IPO proved more lucrative than the San Mateo, Calif.-based company anticipated, reflecting the hopes riding on NetSuite despite a nine-year history of losses, which total nearly $242 million.

[...]

Propelled by the strong demand for shares, NetSuite now has a market value of $1.5 billion.

NetSuite prices IPO at $26 share, raising $161m - The Boston Globe

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