NetSuite’s Going Public, Looking for $1 Billion Valuation
NetSuite, the fraternal twin of SalesForce (both companies CEOs came out of Oracle and have similar business models), is preparing to go public next year based on 2006 revenues of about $70 million. The good news is that this could crack open the IPO window for startups again, which was firmly shut in the wake of GoDaddy’s abrupt withdrawl of its registration statement in August.
Source: http://www.techcrunch.com/2006/12/19/netsuites-going-public-looking-for-1-billion-valuation/
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