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NetSuite IPO debut takes a rocket ride

NetSuite's IPO debut launched like a rocket Thursday morning--soaring skyward, only to plunge back to earth.

Shares of the highly anticipated IPO, which priced at $26 a share Wednesday, shot as high as $30 a share in early morning trading, only to fall below sea level to $23.86 a share. The shares have since stabilized a bit, trading slightly above its IPO price.

NetSuite and its investment bankers, which conducted an IPO auction in setting the price, won't be accused of leaving money on the table in raising as much capital as possible for the company.

NetSuite, … Read more

Ellison's NetSuite raises IPO price range again

NetSuite's IPO auction has apparently attracted strong interest from investors, as the company prepares to set the final IPO price after market close Wednesday.

The on-demand enterprise applications company, backed by Oracle's Larry Ellison, has raised its pricing range by 46 percent from its initial pricing range of $13 to $16 a share that was announced on December 5.

The range was raised Tuesday to $16 to $19 per share. And it was raised a second time Wednesday to $19 to $22 a share, according to a Securities and Exchange Commission filing.

NetSuite could begin trading as early … Read more

Ellison's NetSuite launches IPO auction

Get those bidder paddles ready. NetSuite launched on Monday its long-anticipated IPO auction, with hopes of raising in excess of $99 million.

The auction, the first of NetSuite's four-step IPO process, is expected to close as early as December 19 at the market's close.

NetSuite, the on-demand applications company backed by Larry Ellison of Oracle fame, will then use the bid information to set a final IPO price, which will help it determine who should receive an allocation of shares.

For example, if a bidder wants 100 shares at $8 a share, another 100 shares at $10 a … Read more