NetSuite IPO price range raised to $16-$19/shr

martedì 18 dicembre 2007 12:48

Dec 18 (Reuters) - NetSuite Inc, a software maker majority-owned by Oracle Corp ORCL.O Chief Executive Larry Ellison, on Tuesday registered its initial public offering of 6.2 million shares at an estimated price of $16 to $19 per share, up from its previous price range of $13 to $16 per share.

In an amended filing with the U.S Securities and Exchange Commission, NetSuite said Credit Suisse, W.R. Hambrecht and Co, E*Trade Securities and JMP Securities were underwriting the IPO.

The San Mateo, California-based company said the stock has been approved for a New York Stock Exchange listing under the symbol "N." (Reporting by Avishek Mishra in Bangalore; Editing by Vinu Pilakkott)