Online accounts provider goes public in New York
Accountancy Age, 21 Dec 2007
NetSuite this week announced the initial public offering of 6,200,000 shares of its common stock at a price of $26.00 (£13.08) per share in New York.
CEO Zach Nelson rang the opening bell at the New York Stock Exchange as the California-based online accounting developer followed other Software as Service firms such as salesforce.com onto the public markets.
Experts believe that several other SAAS providers may also pursue listings over the next year.
Credit Suisse Securities served as book runners for Netsuite, which enjoys the backing of Oracle chief executive Larry Ellison.
Further reading:
He’s spent more than a decade at the top of...
The race to become the biggest firm on the planet...
Comments
Have your say on this article