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New IPO – NetSuite

This is an interesting IPO. It will begin trading on the NYSE as symbol "N" on Dec. 20, 2007 at $26 a share! I don't have much information about it for now since it is a new IPO. Delivering software over the Internet is an interesting concept, and seems to be the future "trend". Furthermore, the CEO of Oracle Larry Ellison is the largest shareholder of NetSuite (link).

However, NetSuite has so many competitors including Salesforce.com and Google Apps. NetSuite has been losing money since 1998 (link), and even though the losses are narrowing, they must do something about it.