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NetSuite files for IPO

Industrial Distribution staff -- Industrial Distribution, 7/2/2007 7:58:00 AM

NetSuite Inc. is going public. The San Mateo, Calif.-based business software provider announced plans for an initial public offering to be managed by Credit Suisse Securities and W.R. Hambrecht & Co.

The number of shares and their price for the offering have not been determined.

NetSuite filed its IPO application with the federal Securities and Exchange Commission July 2.

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