SAN MATEO, California, December 10 /PRNewswire/ --
NetSuite Inc. today announced that the auction for its proposed initial public offering of its common stock has commenced. NetSuite announced that it expects the offering to price after the stock market closes on or about Wednesday, December 19, 2007.
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Credit Suisse Securities (USA) LLC will act as sole book-running manager for the offering, with W.R. Hambrecht + Co., LLC acting as co-manager. NetSuite will offer 6,200,000 shares of its common stock in the offering. NetSuite and the selling stockholders have also granted the underwriters a 30-day option to purchase up to an aggregate of 930,000 additional shares.