NetSuite Prices I.P.O. at $26 Per Share
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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.
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The price range for the shares is for institutional clients and excludes brokerage fees. It values Hutchison Telecom at between US$3.
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The on-demand software provider NetSuite files for a $75 million IPO.
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LA JOLLA, Calif., March 1  /PRNewswire-FirstCall/ -- PICO Holdings, Inc.  announced today that it has entered into definitive agreements to sell 2,823,000 shares of newly-issued common stock to institutional investors at a price of $37 per share.
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If the success of NetSuite&#39;s IPO this week was any indication, the market for on-demand ERP software is red-hot. Startup NetBooks hopes to capitalize on that.NetBooks recently began offering hosted ERP software. But the company, based in Rohnert Park, California, has set its sights on a particular class of customer: The millions of small, owner-managed U.S. businesses with between two and 50 employees. &quot;It&#39;s the backbone of the economy,&quot; said NetBooks&#39; founder, Ridgely Evers.Evers has long played in this space. While at Intuit, he led the creation of QuickBooks, the popular accounting software.NetBooks&#39; core suite covers marketing, sales, inventory, and finance, but doesn&#39;t include functions like e-mail or calendaring. &quot;We&#39;re not a Microsoft Office replacement,&quot; Evers stressed.The product is engineered for ease of use, he said: &quot;For our target market, IT is the word &#39;it.&#39;&quot;NetBooks has added other capabilities through partnerships, including PayCycle for payroll and UPS Online Shipping. The firm will make major new partner announcements in early 2008 and release new software features throughout the year, according to Evers.Evers declined to discuss how many customers the firm has landed so far, saying only, &quot;we&#39;re very early in our growth.&quot;NetBooks costs $200 per month, or $1 per hour, for five users, along with free access for a customer&#39;s bookkeeper, accountant, and &quot;marketing coach.&quot; Unlimited support -- accessed by clicking a button within the NetBooks software -- and free upgrades are included in the price. The company also says that if a customer signs up for the service at a given price, they will never pay more for it.One analyst said NetBooks shows promise but faces many challenges.&quot;If they do in fact do all the things they claim to do, this is great,&quot; said Marc Songini of Nucleus Research in Wellesley, Massachusetts.&quot;They&#39;re doing a smart thing by offering these [third-party] integrations so customers don&#39;t have to do it,&quot; he added.Still, he said, &quot;They&#39;re very small and don&#39;t have a lot of recognition. It&#39;s going to be tough for them to get up and running and get critical mass.&quot;For one thing, NetSuite does sell its service to small businesses, Songini said. Also, if a giant like Google began offering a similar suite of hosted applications, startups like NetBooks would be hard-pressed to succeed, he said.The other challenge centers on marketing. Larger ERP and CRM vendors have clear sales targets: C-level executives. The small business market may be immense, but it is also broad.&quot;Obviously, that bottom segment of the market is wide-open, but the problem has been, how do you sell to it,&quot; Songini said.Songini said one possibility would be for NetBooks to strike reseller deals with computer manufacturers and retailers like Dell or Radio Shack.
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NetSuite Inc , a business  software maker majority-owned by Oracle Corp  Chief  Executive Larry Ellison, surged almost 37 percent in its market  debut on Thursday, a day after its initial public offering  priced far higher than expectations.
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DECEMBER 13, 2004 (IDG NEWS SERVICE) - Oracle Corp. has signed a definitive agreement to acquire PeopleSoft Inc. for $26.50 per share, or about $10.3 billion, the companies said today, ending an acrimonious
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InfoWorld - NetSuite'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.
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Shares of InPhonic Inc., a Washington reseller of wireless service and telephones over the Internet, rose 26 percent Tuesday on their first day of trading..-The Washington Post
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NEW YORK/SAN FRANCISCO  - Google Inc. on Wednesday  said it priced its long-awaited initial public offering at $85  per share, far below initial expectations, ending a tumultuous  process beset by poor market conditions and a series of  missteps.
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Oracle says its latest bid to purchase PeopleSoft is its &quot;best and final offer.&quot; At $24 per share, Oracle&#39;s offer is higher than PeopleSoft&#39;s 24-week high.
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Google stock opened today at $100.01 a share, about 18 percent above the $85 price set in the I.P.O. on Wednesday.
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When Internet search engine company Google, Inc., of Mountain View, begins to sell shares to the general public -- something expected to happen later this week -- the initial price is expected to be between $85 and $95 per share. The company had earlier ...
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By Bloomberg News. The chief financial officer of the Oracle Corporation, Harry L. You, said yesterday that $24 a share remained the company&#39;s &quot;best and final&#39;&#39; offer for PeopleSoft Inc.
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Just as lawyers are preparing to defend Oracle's hostile bid to acquire PeopleSoft, Oracle reduced its all-cash offer for the company from $26 to $21 per share.
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Cisco yesterday announced a deal to buy network monitoring firm NetSolve for $11 per share or approximately $128m. The acquisition of NetSolve, which is subject to stockholder and regulatory approvals, is expected to close in Cisco&#39;s Q2 &#39;05.
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(InfoWorld) - Hosted business software provider NetSuite hopes to raise $75 million in an initial public offering. The company, started in 1998 by two former Oracle executives, plans to use the money for working capital, to pay the balance of a line of credit, and possibly to acquire other businesses or technologies, the company said in a filing made on Monday with the U.S. Securities and Exchange Commission. NetSuite, which targets its hosted CRM and ERP software at small and medium-size businesses, hasn't yet turned a profit. It reported revenue of $67.2 million and a net loss of $23.4 million for 2006 The company competes with giants such as Salesforce.com, Microsoft, SAP, and Intuit. NetSuite also competes with Oracle, even though Oracle's founder and chief executive officer Larry Ellison controls about 74 percent of NetSuite, individually and through his family members and an investment entity. NetSuite notes that Ellison will continue to have control over most matters that require stockholder approval, such as the appointment of the majority of directors of the company and potential acquisitions. His interests could differ from other stockholders, NetSuite noted. The SEC filing includes a long list of other risks to NetSuite's business in the future, including the likelihood of increased competition as more companies will probably enter the business. NetSuite will have to continue to convince medium-size businesses to use software as a service rather than buy software outright, and the company will have to upsell to those customers in order to grow the business, it said in the filing. NetSuite's success in the future also is dependent on companies that it relies on, including Oracle, which supplies database software that NetSuite uses, as well as telecommunications operators that deliver the service to end customers, the company said.