• Technology Listings On NYSE Group Markets Raise $5.4 Billion in 2007, Exceeding Nasdaq•
• 92% of Qualifying Technology Companies Chose NYSE As Their IPO Venue in 2007•
NEW YORK, Dec. 20, 2007 – NetSuite Inc., a vendor of on-demand, integrated business management application suites for small and medium-sized businesses, today opened for trading on the New York Stock Exchange under the ticker symbol “N ” after its successful IPO in which it raised $161.2 million.
“We are pleased to welcome NetSuite to our rapidly growing family of NYSE-listed technology companies,” said NYSE Euronext President and Co-Chief Operating Officer Catherine R. Kinney. “NetSuite is an innovator, and we look forward to providing the company with superior market quality, liquidity and brand visibility associated with listing on NYSE Euronext markets.”
"Going public on the New York Stock Exchange is a dream for any start-up, and NetSuite is excited to have reached such a milestone today," said Zach Nelson, CEO, NetSuite. "Our IPO and NYSE listing allow us to help small and medium-sized companies achieve their dreams by delivering a comprehensive software application to run their businesses."
To celebrate today’s special occasion, Zach Nelson rang today’s opening bell, joined by NetSuite Founder, Chief Technology Officer and Chairman of the Board, Evan Goldberg, and NetSuite CFO Jim McGeever.
2007 Technology Listings on NYSE Group Markets:
--NYSE technology listings this year include Teradata Corporation (NYSE: TDC), Orbitz Worldwide, Inc. (NYSE: OWW), PROS Holdings, Inc. (NYSE: PRO), Metro PCS Communications (NYSE: PCS), Dice Holdings Inc (NYSE: DHX), Solera Holdings (NYSE: SLH), VMware Inc. (NYSE: VMW), Genpact (NYSE: G), China Digital TV Holding Co., Ltd. (NYSE: STV), Longtop Financial (NYSE: LFT), Giant Interactive Group Inc. (NYSE: GA), VanceInfo Technologies Inc (NYSE: VIT).
--NYSE Arca technology sector listings this year include Netezza Corporation (NYSE Arca: NZ), Compellent (NYSE Arca: CML), 3PAR (NYSE Arca: PAR) and K-12 (NYSE Arca: LRN)
NetSuiteInc. (NYSE: N)
NetSuite Inc. is a vendor of on-demand, integrated business management application suites for small and medium-sized businesses. NetSuite enables companies to manage core business operations in a single system, which includes Enterprise Resource Planning (ERP), Customer Relationship Management (CRM), and Ecommerce.
About NYSE Euronext
NYSE Euronext, a holding company created by the combination of NYSE Group, Inc. and Euronext N.V., commenced trading on
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