NetSuite launches IPO

San Mateo-based NetSuite Inc. has initiated the auction of 6.2 million shares of common stock, the first step in its initial public offering.

The auction, which will set the price and allocation of shares for the IPO, is expected to end around the close of the markets on Wednesday, Dec. 19. The company, which is backed largely by Oracle Corp. (ORCL) CEO Larry Ellison, has said it expects shares to end up costing between $13 and $16.

The on-demand business management software firm has said it expects to trade on the New York Stock Exchange with a ticker symbol of “N.”

businessBusiness & Real Estate

If you find our journalism valuable and relevant, please consider joining our Examiner membership program.
Find out more at www.sfexaminer.com/join/

Just Posted

Fiona Hinze (Courtesy Fiona Hinze)
Advocate for people with disabilities nominated to SFMTA Board

Mayor Breed says Fiona Hinze brings ‘important perspective’ to agency leadership

Lakeshore Elementary School was closed in March shortly before SFUSD closed all schools due to coronavirus concerns. The district is now working to prepare all elementary schools to reopen by mid-January.<ins> (Kevin N. Hume/S.F. Examiner)</ins>
School district preparing buildings for hybrid learning

SFUSD plans to use 72 elementary schools and 12 early education sites for first phase of reopening

There have been at least 142 confirmed cases of COVID-19 among workers at San Francisco International Airport. <ins>(Kevin N. Hume/S.F. Examiner)</ins>
Supes back SFO worker healthcare legislation despite airline, business opposition

Costs of ‘Health Airport Ordinance’ in dispute, with estimates ranging from $8.4 M to $163 M annually

Thankfully, playgrounds that were closed due to the pandemic during the summer have reopened.<ins> (Kevin N. Hume/S.F. Examiner)</ins>
The perils of parenting, COVID-style

At long last, it’s OK to take your little one out to play

Ten candidates are running for a seat on the Board of Trustees of the San Francisco Community College District.. (Courtesy photos)
Strong leadership needed as City College faces multiple crises

Ten candidates vying for four seats on CCSF board

Most Read