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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.

 
Oracle founder Larry Ellison controlled Netsuite priced its initial public offering of 6.2 million shares at $26 per share and raised $114 million. The initial filing range for the offering was between $19 and $22 per share. At mid-day nearly 1.05 million shares changed hands and Netsuite stock traded between $23.86 and $27.65 price range.

Orion Energy Systems (OESX: chart) priced its initial public offering of 7.6 million shares at $13 per share and raised $123.80 million. The energy management company stock opened at $17 and jumped to $21 on its first day of trading, yesterday. Today the stock has traded between $22.15 and $19.98.

Gushan Environmental Energy Limited (GU: chart) priced its offering of 18 million shares at $10 yesterday. The stock traded as high as $10.48 before settling just under the initial offer price. Today the stock of the bio-diesel maker traded between $10.05 and $9.62.
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