NetSuite considering public offering

Posted by MyCustomer in Customer intelligence, Customer experience, Marketing, Technology on Wed, 13/12/2006 - 17:54

CRM company NetSuite, in which Oracle CEO Larry Ellison owns a majority stake, could finally be about to IPO, according to news reports.

The company is eight years old, and for years has been seen as the next great software stock offering. However, that IPO has always remained just around the corner. But, with 2006 revenues of around $70 million, the company’s stock offering may be at hand.

According to various news reports, the NetSuite board has met with a handful of investment banks and are close to picking a team to pitch a public offering in early 2007.

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