December 10th, 2007
NetSuite starts its IPO auction; broadcasts roadshow
NetSuite says it has started its IPO auction and plans to price its shares after market close Wednesday. It has also posted its roadshow presentation.
On Monday, NetSuite said it is offering shares under a Dutch auction format. The auction is similar to the one conducted by Google before it went public.
Credit Suisse and W.R. Hambrecht will be the underwriters. Details on those who want IPO shares can be found on NetSuite’s site. The company also posted its roadshow presentation.
The news is a formality given that NetSuite set its price range and provided additional details last week. NetSuite said its price range will be $13 to $16 a share and trade under the ticker “N.”
Larry Dignan is Editor in Chief of ZDNet and Editorial Director of ZDNet sister site TechRepublic. See his full profile and disclosure of his industry affiliations.
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