News Releases

 
NetSuite Inc. Celebrates IPO, First Day of Trading on NYSE
• Caps Highly Successful Year For Technology Listings on NYSE and NYSE Arca •
• 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:

  • The year 2007 has brought many IPOs and new listings from technology sector companies to NYSE Group markets, including VMware Inc. (NYSE: VMW), one of the year’s top-performing IPOs. NYSE Arca, NYSE Euronext’s fully-electronic market for emerging issuers, attracted several technology companies that previously had no choice of U.S. listing market.
  • Technology companies going public on NYSE Group markets in 2007 raised in excess of $5.4 billion, more than the IPO proceeds raised by technology companies going public on Nasdaq this year. The NYSE had a strong year listing technology companies, attracting 92% of proceeds raised by technology IPOs that qualified for an NYSE listing. NYSE and NYSE Arca have a strong pipeline of technology companies scheduled to go public in 2008, including small- and medium size companies.

--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 April 4, 2007 . NYSE Euronext (NYSE Euronext: NYX) operates the world’s largest and most liquid exchange group and offers the most diverse array of financial products and services.   NYSE Euronext, which brings together six cash equities exchanges in five countries and six derivatives exchanges in six countries, is a world leader for listings, trading in cash equities, equity and interest rate derivatives, bonds and the distribution of market data.  Representing a combined $30.3 trillion/€21.3 trillion total market capitalization of listed companies and average daily trading value of approximately $139 billion/€103 billion (as of September 30, 2007), NYSE Euronext seeks to provide the highest standards of market quality and integrity, innovative products and services to investors, issuers, and all users of its markets. NYSE Euronext is part of the S&P 500 and S&P 100 indexes.

Cautionary Note Regarding Forward-Looking Statements

This press release may contain forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements concerning NYSE Euronext's plans, objectives, expectations and intentions and other statements that are not historical or current facts. Forward-looking statements are based on NYSE Euronext's current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements. Factors that could cause NYSE Euronext's results to differ materially from current expectations include, but are not limited to: NYSE Euronext's ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk and U.S. and global competition, and other factors detailed in NYSE Euronext’s reference document for 2006 ("document de référence") filed with the French Autorité des Marchés Financiers (Registered on June 6, 2007 under No. R.07-0089), 2006 Annual Report on Form 10-K, as amended, and other periodic reports filed with the U.S. Securities and Exchange Commission or the French Autorité des Marchés Financiers. In addition, these statements are based on a number of assumptions that are subject to change. Accordingly, actual results may be materially higher or lower than those projected. The inclusion of such projections herein should not be regarded as a representation by NYSE Euronext that the projections will prove to be correct. This press release speaks only as of this date. NYSE Euronext disclaims any duty to update the information herein.

 



Contact: Christiaan Brakman
Phone: 212-656-2094
Email:  cbrakman@nyse.com