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IPO Outlook: 
Netsuite, Orion Energy Shines, Gushan Struggles
Author: 123jump.com Staff
123jump.com
Last Update: 2:57 PM EST December 20 2007


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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.

 

 

 
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