- Taxes on some wealthy French top 100 pct of income: paper
- North Korea fires short-range missiles for two days in a row |
- Israel warns against Russian arms supply to Syria
- Winning ticket for $590.5 million Powerball lottery sold in Florida |
- Toyota plans to increase lithium-ion car battery output-Nikkei
NetSuite IPO roadshow expected to start Thursday
NEW YORK |
NEW YORK Dec 5 (Reuters) - Management of NetSuite Inc, a business software maker majority-owned by Oracle Corp (ORCL.O) Chief Executive Larry Ellison, is about to kick off meetings with investors, ahead of the company's planned initial public offering.
The investor meetings, commonly referred to as a "roadshow," are expected to begin on Thursday, according to a source familiar with the plans.
On Wednesday, the company said it plans to raise up to $99 million with an offering of 6.2 million shares, according to an amended registration statement with the U.S. Securities and Exchange Commission.
Companies selling shares to the public for the first time generally launch roadshows in the two weeks before a final price is set for an initial public offering.
NetSuite's IPO is to be done in an auction format, a process by which investors, rather than underwriters, have more say than is typical in the final pricing of the offering.
(Reporting by Lilla Zuill, editing by Dave Zimmerman)
- Tweet this
- Share this
- Digg this