Netsuite Prices its 6.2 million shars initial public offering at $26 per shre. Orion Energy Systems jumped 50% but Gushan Environmental declines.
Netsuite priced its initial publc offering at $26 per share and raised $114 million. Stock traded as high as $30 in the afternoon trading on the optimism that the company will be able to turn profit in 2008. The company revenue are estimated to cross $100 million in 2007 but yet to generate profit. Orion Energy ipo jumps 50% by the second day of trading but Gushan Environmental Energy based in China struggled to stay above its offer price.
Ten new IPOs were launched during the past week. Online education provider K12 and tech provider MedAssets were the best performers both gaining more than 30% in they first-day trading. Two hundred and thirty-two IPOs have been priced so far in 2007 and 53% of them are trading above their offering price. There are six deals scheduled to be priced the following week.
Four new IPOs were launched during the past week. All four priced low than expectations, but Entropic and Triple-S Two were traded higher from the IPO price on the first day. Two hundred and twenty-two IPOs have been priced so far in 2007 and 53% of them are trading above their offering price. There are as much as fifteen deals scheduled to be priced the following week.
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