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NetSuite Sets IPO Terms

NetSuite Inc., a San Mateo, Calif.-based provider of business management application suites for SMEs, has set its IPO terms to 6.2 million common shares being offered at between $13 and $16. It would have an initial market cap of approximately $952 million, were it to price at the high end of its range. The company plans to trade on the NYSE under ticker symbol N, with Credit Suisse serving as lead underwriter.

NetSuite has raised around $85 million in VC funding from firms like Cross Atlantic Capital Partners and StarVest Partners.