NetSuite plans initial public offering
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Hosted business software provider NetSuite hopes to raise $75 million in an initial public offering.
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NetSuite on Wednesday set the initial price of its stock at US$26, greatly exceeding its original estimate.
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Car rental company Hertz Global  Holdings Inc. said on Friday it is planning an initial public  offering of as much as $1 billion in common stock.
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Private equity firm Kohlberg Kravis Roberts & Co. is planning an initial public offering, media reports said on Thursday.
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Carlyle Group , a U.S. private equity firm, is considering a stock market listing similar to last week's initial public offering by rival Blackstone , Dow Jones Newswires reported on Wednesday.
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NetSuite set the initial price of its stock at $26, exceeding its original estimate of $13 to $16 per share.
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Biotechnology company ViaCell Inc.  set on Monday its planned initial public offering at 7.5  million shares at an estimated price of $7 to $9 per share.
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Google IPO Bidding Opens  Google's IPO bidding is officially open. Google and its underwriters expect to open the auction for the shares of Google&rsquo;s Class A common stock at 9:00 a.m. EST (press time) on Friday, August 13, 2004. Google bidders must have obtained a bidder ID from ipo.google.com if you ...
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NetSuite on Wednesday&#160;boosted the estimated price range for its IPO&#160;(initial public offering) for the second time in just two days, according to a filing with the U.S. Securities and Exchange Commission. The range now stands at $19 to $22, after NetSuite raised it to $16 to $19 on Tuesday.
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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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(InfoWorld) - NetSuite, the other hosted CRM company, laid out version 2007.0 this week of its CRM, ERP, and PRM (partner relationship management) SaaS (software as a service) solution. The company unveiled NetSuite Assistants, a refinement of its current ERP solution that will make setup, data import, and ERP back-office management simpler, according to the company. Services within the Assistants suite include a setup assistant, a data import assistant, and a graphical transaction form assistant. Matrix Item Assistant will now allow for inventory tracking of multivariant products. NetSuite Global CRM and PRM adds the ability to manage orders, forecasts, quotas, and commissions on a per-country basis in local currency. Also included is a dashboard that can aggregate global information from across an organization into a single, consolidated view. An upgraded analytics capability, SuiteAnalytics, will add scorecards and the ability to include Excel-like customized formulas within a dashboard. As extensive as the additional functionality to the NetSuite suite is, perhaps the most noticeable part of the company's SaaS news was what wasn't announced. Unlike its archrival, Salesforce.com, NetSuite steered clear of discussing an integration platform technology, a programming language capability, or a program to add third-party applications such as Salesforce.com's AppExchange.Â  While NetSuite does have its own integration and customization technology, SuiteFlex, Craig Sullivan, vice president of international products, said NetSuite's strategy is to differentiate itself from competitors by giving companies all their business operations in a single application. "We understand it is important to integrate with other applications, especially when first deploying NetSuite, and we have those capabilities," Sullivan said. SuiteFlex includes a Web services architecture to integrate third-party applications. Sullivan added that users can configure and customize NetSuite through the UI and point-and-click technology rather than being code based. NetSuite 2007 will be rolled out to its current customers from June through August and starts at $499 per month, plus $99 for each user per month.
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NetSuite Inc, a software maker  majority-owned by Oracle Corp  Chief Executive Larry  Ellison, on Tuesday raised the estimated price range for its  initial public offering to $16 to $19 per share and said it is  conducting the IPO as a modified Dutch auction.
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SaaS (software as a service) platform vendor NetSuite&#160;has released SuiteBundler, a tool its partner ISVs and VARs can use to create reusable applications for verticals.&quot;It&#39;s more important for our partners than it is for NetSuite,&quot; NetSuite CEO Zach Nelson said of the release, which provides a wizard-like interface for combining assets built on the NetSuite platform. It also includes distribution and installation tools and access to a repository of these &quot;SuiteBundles.&quot;Software development firm EBS-RAD LLC, based in Tampa, Florida, created a custom NetSuite app, i-Seaports Management, for its customer, Harbour Mastery. That firm in turn will market the software to seaports and marinas around the world, said EBS-RAD CEO George Walters.&quot;We&#39;re effectively making it very easy for services companies to get into the software business,&quot; Nelson said.Bundles have been created for a number of other verticals, including agricultural equipment dealerships, retail point-of-sale, and wholesale electronics distribution, according to the company.NetSuite&#39;s announcement drew a cautious nod from one industry observer Wednesday. &quot;At a 60,000 foot view, it seems like a good thing,&quot; said Michael Speyer, a Forrester Research senior analyst covering SMB&#160;and IT distribution issues. &quot;Especially for the larger midmarket clients. They&#39;re going to resist adopting apps that aren&#39;t customizable to their own existing processes.&quot;That makes sense because NetSuite has specifically targeted such customers. &quot;We think the midmarket is the huge opportunity,&quot; Nelson said. &quot;We believe NetSuite will be the SAP of the midmarket.&quot;But Speyer sounded a note of skepticism against such a lofty goal. &quot;Well, SAP is pretty firmly in the midmarket now,&quot; he said, noting offerings like Business All-in-One and Business One. &quot;So they are running head-on into SAP.&quot;NetSuite&#39;s approach to extending its SaaS platform stands in contrast to competitor Salesforce.com, which has aggressively promoted its programming language and development platform for creating new enterprise apps.&quot;Our environment is all about extending our applications,&quot; Nelson said. &quot;The mid-market doesn&#39;t want to build applications. They want to run businesses. Enterprises? They&#39;ll build applications all day.&quot;Nelson said one possible enterprise use of SuiteBuilder lies in application testing. NetSuite customers could try out new custom combinations in sandboxes before deploying them, he said.NetSuite previously announced it intends to issue an IPO. Earlier this year, it provided access to its services through the Apple iPhone.
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InfoWorld - NetSuite&#39;s users can start accessing the company&#39;s hosted midmarket applications suite via their iPhones as businesses start to investigate the possibilities of using the&#160;much hyped Apple mobile device&#160;at work.
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SINGAPORE (Dow Jones)--The following is a list of initial public offerings (IPOs) set for northeast Asia, including Japan, Hong Kong, Taiwan, China and South Korea.
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PC Mall Inc. spin-off eCost.com Inc. priced its initial public offering at $5.80 and expects to begin trading on the Nasdaq on Friday, making its debut during a lull for IPOs that is scheduled to last through mid-September.
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The U.S. Securities and Exchange  Commission is expected to declare the initial public offering  registration of Google Inc. GOOG.OQ effective after 4 p.m.,  sources familiar with the matter said on Wednesday.