SAN MATEO, CA—December 19, 2007—NetSuite Inc. (NYSE: N) announced today the initial public offering of 6,200,000 shares of its common stock at a price of $26.00 per share. NetSuite and certain selling stockholders have also granted the underwriters a 30-day option to purchase up to an additional 930,000 shares to cover over-allotments. NetSuite's common stock will begin trading on the New York Stock Exchange under the symbol "N" on Thursday, December 20, 2007.
Credit Suisse Securities (USA) LLC acted as sole book-running manager for the offering and W.R. Hambrecht + Co., LLC acted as co-manager.
A copy of the final prospectus relating to the offering may be obtained from Credit Suisse Securities (USA) LLC, Prospectus Department, One Madison Avenue, New York, NY 10010, telephone 800-221-1037.
A registration statement relating to this offering was filed with and declared effective by the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy common stock of NetSuite Inc., nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification of the securities under the securities law of any such state or jurisdiction.