Netsuite IPO Preview
Price: $25.00

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.