NetSuite Inc., San Mateo, CA, an on-demand business-management software provider focused on small- and medium-sized companies, is moving closer to its initial public offering.
  ;
According to various news reports, the company expects the IPO to total 6.2 million shares of common stock priced between $13 and $16 each. Based on this, NetSuite’s market capitalization would be between $773.6 million and $952.2 million, according to the AP. The company expects to raise net proceeds of nearly $90 million from the IPO.
  ;
The proceeds will be used to pay a balance on the company’s secured line of credit, but also may be used to make acquisitions.
  ;
NetSuite’s controlling shareholder is Take Ventures LLC, …
NetSuite Takes Steps Toward IPO
NetSuite Inc., San Mateo, CA, an on-demand business-management software provider focused on small- and medium-sized companies, is moving closer to its initial public offering.
  ;
According to various news reports, the company expects the IPO to total 6.2 million shares of common stock priced between $13 and $16 each. Based on this, NetSuite’s market capitalization would be between $773.6 million and $952.2 million, according to the AP. The company expects to raise net proceeds of nearly $90 million from the IPO.
  ;
The proceeds will be used to pay a balance on the company’s secured line of credit, but also may be used to make acquisitions.
  ;
NetSuite’s controlling shareholder is Take Ventures LLC, …
Share this article
- Filed In: Free, News, Subscriber Only, Technology
About the Author
Recommended Reading
Leave a Reply
Log In
Read the latest articles and see your reports.
Popular Now
MDM Directories
Sign Up for the MDM Update Newsletter
The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.
