NetSuite enters stock market
NetSuite has announced plans to enter the stock market. Its management expects that an IPO will help it attract additional funds - about $ 75 million.
The company is currently unprofitable. Its revenue last year was about $ 67.2 million, and in the first quarter of this year it was $ 23.2 million. NetSuite’s losses last year reached $ 23.4 million, and in the first quarter of this year, $ 3.7 million, There is generally some progress.
The resulting investment is planned to spend on eliminating the budget deficit. The same goal will serve and $ 20 million, which as a loan will give NetSuite company Tako Ventures. By the way, both of them are controlled by Larry Ellison, executive director of Oracle .
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via New York Times
The company is currently unprofitable. Its revenue last year was about $ 67.2 million, and in the first quarter of this year it was $ 23.2 million. NetSuite’s losses last year reached $ 23.4 million, and in the first quarter of this year, $ 3.7 million, There is generally some progress.
The resulting investment is planned to spend on eliminating the budget deficit. The same goal will serve and $ 20 million, which as a loan will give NetSuite company Tako Ventures. By the way, both of them are controlled by Larry Ellison, executive director of Oracle .
')
via New York Times
Source: https://habr.com/ru/post/12084/
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