NetSuite has kicked off the auction for its initial public offering of 6.2 million shares on the market.
The Web-based business management software company expects to price the offering after the stock market closes on or about Dec. 19. In previous SEC filings, the company has indicated it expects to price the stock between $13 and $16 per share. That would give the company a market capitalization of between $773.6 million and $952.2 million, according to the Associated Press. If the IPO is priced at $14.50, NetSuite would raise approximately $80.9 million from the offering.
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