After 10 years, NetSuite (N) is finally enjoying some excellent growth as the software as a service (SaaS) market continues to rapidly develop. However the near-term momentum may not translate into as much long-term growth opportunity as the company presents, and the filing range chosen appears to be much too high. There’s not much of a reasonable case for a current share price of $12 vs. the increased filing range of $16 to $19. The OpenIPO process will be used for this transaction, so perhaps the price discovery advantages of that method will lead to a more attractive initial price.