NetSuite Announces Initial Public Offering

NetSuite Inc. (NYSE: N), today announced the initial public offering of 6,200,000 shares of its common stock at a price of $26.00 per share. Its CEO Zach Nelson rang the opening bell at the New York Stock Exchange.

Credit Suisse Securities (USA) LLC is serving as sole book-running manager for the offering, with W.R. Hambrecht + Co., LLC acting as co-manager. The offering will be made only by means of a prospectus. Copies of the prospectus for the offering can also 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. The offering is being made solely by means of a prospectus. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, 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 under the securities laws of any such state or jurisdiction.