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NetSuite Open IPO

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(Update Dec 18) The company raised its IPO price range: now it’s between $16 and $19. I am NOT bidding it.

WR Hambrecht sent me an email about Open IPO. This got me to read its prospectus. NetSuite is a new kind of software company co-founded by Larry Ellison, the founder and chairman of Oracle. By new I meant they provide “software as service”, vs. the tradtional software companies such as Microsoft, in which a consumer buys product, install it, do some customization, and (possibly) run updates, etc. Quote its prospectus:

“NetSuite is a leading vendor of on-demand, integrated business management application suites for small and medium-sized businesses. We provide a comprehensive suite of enterprise resource planning, or ERP, customer relationship management, or CRM, and e-commerce capabilities that enables customers to manage their critical back-office, front-office and web operations in a single application…We deliver our suite over the Internet as a subscription service using the software-as-a-service or on-demand model. Our revenue has grown from $17.7 million in 2004 to $67.2 million in 2006. For the nine months ended September 30, 2007, we had revenue of $76.8 million. As of September 30, 2007, we had over 5,400 active customers…”

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Interactive Broker Open IPO

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(Updated April 16) I placed my bid through WR Hambrecht today.  

I mentioned this a while ago. Today I received email from WR Hambrecht. The bid starts on April 16.

Last Nov I opened the acct at WR Hambrecht in order to get the IBKR open IPO. But I was not disiplined enough, end up picking up other IPO stocks: HLYS, XFML and GSIT. I already sold XFML before getting GSIT. Now I need to sell more to make fund available to IBKR bidding. Interactive Broker is the leading options trader and market maker in the US. The most famous company did open IPO is Google, followed by MorningStar.