Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

Tuesday, July 3, 2007

NetSuite Plans IPO

NetSuite, which offers web-based services to small and medium-sized businesses, plans an IPO to raise $75 million.  NetSuite is a potential competitor of Oracle; 74% of its shares are owned by Larry Ellison, founder, CEO, director, and 20% shareholder of Oracle.  In addition, NetSuite's CEO and chief technology officer are former Oracle executives.  Ellison himself stepped down from the NetSuite board.  See WSJ, NetSuite Stake May Prove Tricky for Ellison.

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