Isilon Systems Files for $86.2 Million IPO
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By Kim Peterson, The Seattle Times  Sep. 5--Seattle digital-storage company Isilon Systems filed Friday to  raise as much as $86.25 million in an initial public stock offering.   The company has applied to be known under the symbol "ISLN" on the Nasdaq  stock market.
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Google set its long-awaited initial public offering at $85 a share on Wednesday, enduring a series of hurdles to come in at the low end of its recently lowered pricing range.
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Alphion Corporation, a privately held company, that develops,  manufactures and markets communication systems, sub-systems, and  integrated photonic components based on its proprietary QLightÂ®  technology, announced today, the launch of it's  GPON product family.
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The initial public offering market is hoping for a big bang this week from Dolby Laboratories Inc. The San Francisco company, whose sound systems and double-D logo are ubiquitous in the movie industry as well as in consumer electronics, plans to sell 27.5 million shares for &#36;13.50 to &#36;15.50 each.
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NetSuite Inc. priced its initial public offering at $26 per share Wednesday, raising $161 million for its online business software service and showering its largest stockholder, billionaire Larry Ellison, with still more riches.
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Animation unit&#39;s IPO up 39% in early trading as investors rush to grab a stake in Shrek. The sale of 29 million DreamWorks shares at $28 each raised $812 million from investors eager to get a piece of the
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Australia's APN News and Media  on Monday agreed to a revised A$2.8 billion ($2.2 billion) offer from a consortium including Tony O'Reilly's Independent News and Media Plc. .
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Investment bank Lazard filed yesterday for its long-awaited initial public offering, asking to sell up to $850 million in stock.
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adpowers writes &quot;It is official. Google will have its IPO debut at $85 per share. To quote the article, &#39;At that price, the low end of its recently revised range, Google raised $1.
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Oracle rejected as âimpossibly highâ BEAâs offer to be acquired for about $8.2 billion, just two weeks after BEA refused Oracleâs $6.7 billion offer for the company.
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NetSuite&#39;s initial public offering raised $185.4 million, close to double the amount the company originally forecast the IPO would generate and a positive sign for the market of hosted, software-as-a-service business applications.NetSuite, a provider of hosted applications for small and midsize organizations, sold 6.2 million shares of common stock at $26 per share via auction and its underwriters acted on their option to buy an additional 930,000 shares, the company said Wednesday.The $185.4 million is a gross amount from which underwriting discounts and expenses will be deducted, the company said. Moreover, 365,000 of the shares bought by the underwriters were owned by stockholders like NetSuite&#39;s CEO and chief technology officer, so the proceeds from those shares -- about $9.5 million -- won&#39;t go to the company.In the final IPO prospectus, NetSuite had estimated that, if the underwriters exercised their option in full -- as they did -- NetSuite&#39;s IPO net proceeds would be approximately $161.9 million.NetSuite initially set a range of $13 to $16 per share for its IPO but subsequently raised it and eventually set the price at $26 per share on Thursday of last week, the day when the stock started trading on the New York Stock Exchange under the &quot;N&quot; symbol.At midmorning Wednesday, the stock was trading at $34.85, down about 10 percent from its previous close. Its highest point so far is $45.98.Incorporated in 1998, NetSuite sells ERP (enterprise resource planning), CRM (customer relationship management) and e-commerce applications on a hosted, subscription-based model, in which customers access the software via the Internet and don&#39;t need to install it on their premises.This software-as-a-service model, championed by companies like Salesforce.com and Google, is considered a significant threat to the traditional approach from vendors like Microsoft of having customers implement software on their own PCs and servers.As of Sept. 30 of this year, NetSuite had over 5,400 active customers, according to its IPO prospectus . In 2006, the company had revenue of $67.2 million and a net loss of $35.7 million. In the first nine months of this year, it generated $76.8 million in revenue and racked up a net loss of $20.6 million, according to the prospectus.NetSuite plans to use its IPO proceeds to pay off an $8 million balance on a line of credit with Tako Ventures, an entity controlled by Oracle CEO Larry Ellison, and to possibly make acquisitions.As of Nov. 30, Ellison controlled about 60 percent of NetSuite&#39;s outstanding stock -- some 31.9 million shares -- but Ellison transferred those shares into a holding company, NetSuite Restricted Holdings. The move is meant to &quot;effectively eliminate&quot; Ellison&#39;s voting power and avoid potential conflicts of interests, according to the prospectus.NetSuite also plans to devote between $10 million and $15 million for capital expenditures, including the purchase of property, plant and equipment and the addition of a second data-center facility, and for working capital and other general purposes, including its international expansion. NetSuite currently provides its hosted applications out of a single data center, which the company admits in the prospectus is a risk that could harm its business should there be any service disruption at this facility.NetSuite also said it may use a portion of the net proceeds to acquire other businesses, products or technologies, although it doesn&#39;t have any agreements or commitments for any specific acquisitions at the moment. The money it doesn&#39;t spend will be invested in short-term, interest-bearing investment grade securities.&#160;
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Juniper Networks reported a second-quarter profit of $86.2 million, on a more-than-expected revenue increase of 17 percent.
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The initial public offerings of  67 venture capital-funded U.S. companies raised $4.98 billion  in 2004, more than tripling from the $1.41 billion raised in 22  deals during 2003, VentureOne said on Saturday.
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San Diego video-compression company, which has posted profits, sets share price for public offering at $12 to $14.
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Faced with strong investor demand, NetSuite has raised its IPO pricing range by 46 percent since setting its initial range earlier this month. The on-demand enterprise applications company anticipates setting its final IPO price after the markets close We
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The share sale, one of the biggest initial public offerings in recent years in the entertainment business, may raise as much as $844 million.
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Google Inc. slashed the size of its closely watched initial public offering nearly in half to less than $2 billion on Wednesday, splashing cold water on what has been touted as the hottest Internet IPO in years.