NetSuite IPO Generates $185 Million
520653
NetSuite's initial public offering raised nearly double the forecasted amount of money.
427616
Blackstone Group LP  priced its initial public offering at the top end of the range on Thursday, even as lawmakers pushed for its delay, raising $4.13 billion in the largest U.S. IPO since 2002.
257428
It couldn't happen to a better set of people. As 'BusinessWeek' reports, MySQL is well on its way to an IPO. The interesting thing is what it's doing to get there. From CNET's Blogs network.
188280
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.
422652
(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.
400493
DreamWorks&#39; IPO was expected to raise more than US$812 million in the first IPO by a major movie studio in seven years. Earlier this month, the company debuted &quot;Shark Tale,&quot; and it has become a hit generating
227830
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;
104161
NetSuiteâs shares priced at $26 apiece late Wednesday, far above the expected price range of $13 to $16 that it initially reported in its registration to go public.
552066
Cisco Systems stepped up its commitment to helping partners deliver services with last week&#39;s acquisition of publicly traded managed service provider NetSolve in a deal valued at nearly $200 million.
583738
(InfoWorld) - Netezza, a maker of data warehousing appliances, hopes to raise $108 million in an IPO of stock, the company said Thursday. Netezza filed a prospectus with the U.S. Securities and Exchange Commission (SEC) of its plans to offer 9 million shares of its stock at $12 each starting on Tuesday. The company, based in Framingham, Massachusetts, and founded in 2000, sells the Netezza Performance Server (NPS) line, a data warehousing appliance that integrates database, server, and storage functions in order to analyze data for business purposes. Netezza, which raised $98.6 million in four rounds of venture capital funding, reported a net loss of $13.9 million, or $1.09 a share, on revenue of $79.6 million in fiscal year 2007, which ended Jan. 31. It has never been profitable, the company acknowledged in its SEC filing. The company plans to use the $98.2 million net proceeds from the IPO for working capital; general corporate expenses, including product development and marketing; and to pay off a $5.9 million debt. Among other risk factors, Netezza notes that it sells only one product line, which makes it vulnerable to fluctuations in the data warehousing market and to competition for its NPS family of data warehousing appliances. The IPO is being underwritten by Credit Suisse Group, Morgan Stanley & Co., Needham & Company, and Thomas Weisel Partners. The stock will trade on the New York Stock Exchange's Arca online-only stock and options trading system under the ticker symbol NZ.
223640
The Motley Fool - It was 10 years ago that Netsmart Technologies (Nasdaq: NTST - News), an enterprise software developer, went public. Despite its name, the stock did not skyrocket during the dot-com boom -- and, yes, it has continued to be lackluster after the bust. Now the company wants to be private again, which is a smart move in light of its performance over the years.
647738
US Bancorp (NYSE: USB) , the parent of US Bank, reported third-quarter net income rose to $1.1 billion, or 56 cents per share, up from $950.
407561
Shares of network management services company NetSolve Inc. (NTSL.O: Quote, Profile, Research) rose more than 21 percent on Friday, a day after it agreed to be bought by Cisco Systems Inc.
550655
(InfoWorld) - Though business demand for IT products remains moderate, IPOs point to a healthy sector that is instilling confidence among investors. But IT is not back to the days of the bubble. Gone are the days when companies issue IPOs on promises alone. "You need real products and services, tangible results," said Eric Gebaide, managing director of Innovation Advisors, an investment banking firm. Companies generally need about $50 million in revenue before going public, he said. The IPO market is better now than it has been for years, and IT has nabbed a good share of investor funds, according to an IPO survey issued this week by Thomson Financial and the National Venture Capital Association. In May, there were 11 IPOs in the U.S., more than for any month since October 2004. For the first five months of the year, the number of IPOs, and their dollar amount, hit their highest level since 2000, right before the dot-com bubble burst. Of the 33 IPOs so far this year, and the $5.1 billion they raised, IT's share lagged behind medical, health, and life sciences. But the biggest IPO was for a wireless communications company, MetroPCS Communications, with an offering that raised an initial $1.15 billion. Also, average performance for IPO companies so far this year is strongest in IT, where companies have realized a 13.9 percent increase from offer price to close, according to IPO survey. Medical, health, and life sciences IPO companies realized a 2.2 percent increase, and non-high tech sectors registered a 6.6 percent increase. Valuations are also up in general, to $156.7 million per IPO for the year so far, an all-time record. "Revenue growth and profitability are driving valuations up," said Gebaide. For IT, investors have seen eight to 10 quarters of solid revenue, he noted. Companies are more confident about financial forecasts, which also boosts confidence in tech, he said. An example this week was Texas Instruments's midquarter forecast Tuesday. It said second-quarter earnings would be $0.40 to $0.44 a share, compared with its prior estimate of $0.39 cents to $0.45 cents a share. Though the upper end of the forecast was pulled down, the midpoint of the forecast still aligns to the $0.42 per share predicted by analysts polled by Thomson Financial. The TI shares slipped on the news, but the major brokerages, which forecast good profit margins and strong product cycles for the company, reiterated their positive ratings on the company. All of this is happening in a market where corporate IT spending remains moderate. A recentÂ ChangeWave Research poll, for example, reported that the percentage of companies planning to increase their spending on technology has fallen to its lowest point in the last four years. But demand among consumers and interest in certain technologies is strong. For example, IDC this week raised its 2007 PC industry forecast. Vendors will ship 256.7 million units in 2007, a 12.2 percent increase from the previous year, it said. IDC had previously forecast a growth rate of 11.1 percent. Consumers were attracted by low prices on notebooks, Microsoft's Vista, and the new generation of dual-core chips, IDC said. For their part, venture capitalists are generally interested in Web 2.0, e-commerce, mobile communications and security technology, Innovation Advisors' Gebaide said.ADVERTISEMENTIBM Information On Demand 2006Industrial Industry Leaders, please join us at IBM's premier information management global event, IBM Information On Demand 2006, October 15-20, Anaheim, CA. More IBM business and technical solutions content in one place than ever before! Select from  over 800 sessions. Register today!
749218
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.The hosted business software company initially set the range at $13 to $16.NetSuite is running the IPO as an&#160;online auction, in the same fashion of search giant Google, rather than following the traditional route of having underwriters set the price.The stock is expected to be priced after the stock market&#39;s close Wednesday. It will be listed on the New York Stock Exchange under the symbol &quot;N.&quot;NetSuite, which sells a line of hosted business software, is putting up 6.2 million shares of common stock. The company said Wednesday it believes it will net about $115.9 million from the IPO after expenses.NetSuite has said it plans to use proceeds from its IPO 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.Ellison controls about 60 percent of NetSuite&#39;s outstanding stock -- some 31.9 million shares.NetSuite said Wednesday that Ellison has now completed the transfer of 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, NetSuite said.&#160;
105859
TechWeb - VanceInfo Technologies, an IT services and software development provider, rose 17% to close at $9.96 per American Depositary Share.
102916
The company said its net income rose to $156 million, or 59 cents a share, from $45 million, or 29 cents a share in the period a year earlier.