A free template from Joomlashack

A free template from Joomlashack

Home
NetSuite Plans Google-Style Auction IPO PDF Print E-mail
Friday, 07 December 2007
NetSuite expects its IPO to total 6.2 million shares and bring in at least $80.9 million.NetSuites IPO dreams are coming to fruition—with a twist.

NetSuite plans to begin trading on the New York Stock Exchange Dec. 21 under the symbol N. But NetSuite, majority-owned by Oracle CEO Larry Ellison, is taking a decidedly Google approach to selling its shares.

 

When Google went public in 2004 with the hottest offering in years, the stock opened at $100.01. Google executives insisted on a highly unusual format of granting shares: an online auction. The theory was that an auction would make its shares more widely available, particularly to individual investors.

 

This story continues in an  external site (it will open in a new window). 

 

 

 
< Prev   Next >
 
Joomla Templates by Joomlashack