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Updated from 2:21 p.m. EST
SAN FRANCISCO -- NetSuite raised $161.2 million in its initial public offering on Wednesday, giving the company a market cap of $1.55 billion.
The San Mateo, Calif.-based company, which issued 6.2 million shares, priced them at $26 in a Dutch auction-style IPO, well above its recently adjusted price range. The stock will trade Thursday under the ticker (N Quote).
The stock had been expected to go out at between $19 and $22, already well up from its original base of at least $12 per share, according to MorningNotes, an IPO information service. ...
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