Feeds

Netsuite goes Dutch on IPO

What credit crisis?

Internet Security Threat Report 2014

Netsuite is going ahead with its auction IPO with the help of Credit Suisse Securities.

The "modified Dutch auction" - a similar set-up to Google's launch of its initial public offering - runs until Wednesday 19 December. The online software company is releasing 6.2m shares of common stock - underwriters also get a 30-day option to buy up to 930,000 additional shares.

Netsuite set a pricing range of between $13 and $16 but a final price won't be set until after the auction closes on 19 December.

If shares do sell within that range the firm will raise just under $100m. Shares will list on the New York Stock Exchange using the symbol "N".

The auction is open to individual investors as well as institutions, with the minimum bid as 100 shares.

The company offers online, hosted business services like customer relationship management, accounts, sales automation and inventory management aimed at small and medium businesses.

The company will use the cash to pay off debts and possibly to acquire other businesses. More here. ®

Remote control for virtualized desktops

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
The next step in data security
With recent increased privacy concerns and computers becoming more powerful, the chance of hackers being able to crack smaller-sized RSA keys increases.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.