Wednesday, December 5, 2007

NetSuite Sets IPO Terms

San Mateo-based NetSuite said Wednesday in a filing with the SEC, that it expects to sell 6.2 million shares of its common stock at between $13.00 and $16.00 per share. The firm said it will trade on the New York Stock Exchange under the rare, one-letter symbol "N." NetSuite is a provider of ERP, CRM, and other software for the enterprise market. The firm's IPO is being underwritten by Credit Suisse and WR Hambrecht + Co.; the firm's majority owner is Oracle's Larry Ellison.