by John Paczkowski Posted on December 20, 2007 at 3:14 PM PT
Print
Share
Oracle CEO Larry Ellison’s had a hell of a week, hasn’t he? Yesterday, Oracle shrugged off concerns about a tech slowdown, besting Wall Street’s expectations with a 35% gain in its second-quarter earnings . And then today, shares of NetSuite, the “software as a service” venture of which he is a principal owner , priced at $26 a share in their IPO debut, well above the expected per-share price range of $19 to $22, which itself was $6 higher than $13 price initially set by underwriters.
NetSuite sold about 6.2 million shares in its modified Dutch auction IPO , raising$161.2 million . That makes the company worth more than $1.5 billion and the stake of its mercurial investor–who’s already No. 11 on Forbes list of billionaires –worth about $1 billion.
Add a Comment
You must be logged in to post a comment. Sign up here or log in below.
Comments posted on this site must be signed with your full, real name. Please see our Comments policy for details.
Latest Digital Daily Posts
Digital Daily Archives »
api-video/find_all_videos.asp&fields=all&site=atd&count=40&doctype=128&type=allthingsd-section&query=Digital+Daily
More Videos »
Digital Daily Posts by Date
Choose a month...
November 2009 (40)
October 2009 (157)
September 2009 (116)
August 2009 (107)
July 2009 (165)
June 2009 (159)
May 2009 (120)
April 2009 (77)
March 2009 (141)
February 2009 (145)
January 2009 (142)
December 2008 (125)
November 2008 (99)
October 2008 (148)
September 2008 (140)
August 2008 (131)
July 2008 (142)
June 2008 (121)
May 2008 (109)
April 2008 (149)
March 2008 (98)
February 2008 (151)
January 2008 (111)
December 2007 (88)
November 2007 (95)
October 2007 (118)
September 2007 (108)
August 2007 (100)
July 2007 (106)
June 2007 (122)
May 2007 (124)
April 2007 (36)
March 2007 (2)
Digital Daily Posts by Category
Select category
advertising (235)
alt.misc (344)
Apple (1041)
Beth Callaghan (21)
BoomTown (35)
D5 (1)
D6 (3)
digital (641)
Digital Daily (2635)
Digital Daily Live (485)
Drake Martinet (6)
econalypse (195)
entertainment (96)
Facebook (178)
financial (131)
Google (796)
hardware (458)
innovation (224)
Internet (592)
John Paczkowski (3002)
Kara Swisher (34)
Katherine Boehret (23)
media (87)
MediaMemo (24)
Microsoft (853)
mobile (437)
Mossberg Solution (21)
Mossberg’s Mailbox (20)
MossBlog (4)
music (145)
Oliver J. Chiang (5)
Peter Kafka (18)
politics (15)
QOTD (166)
quoted (321)
Quotes (51)
review (10)
reviews (11)
search (159)
semiconductors (50)
shorty (329)
Silicon Valley (67)
social networking (85)
software (441)
telecom (269)
television (55)
The Mossberg Solution (9)
Twitter (62)
video (203)
Walt Mossberg (16)
Weekend Update (1)
Yahoo (532)
