NetSuite Files For IPO
San Mateo-based NetSuite has filed for an IPO, saying this morning in a filing with the SEC that it is looking to raise up to $75M in an IPO on either the NASDAQ or New York Stock Exchange. The IPO is being underwritten by Credit Suisse and WR Hambrecht + Co. NetSuite is a provider of software-as-a-service used for enterprise resource planning, customer relationship management, and e-commerce. According to the company's filing, the firm had a loss of $3.6M on revenues of $23.2M in the three months ending March 31, 2007. For the year, the company reported a loss of $23.4M on revenues of $67.2M.
posted on Monday, July 2, 2007
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