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The media is abuzz with speculation over the upcoming IPO of NetSuite, a leading SaaS provider of accounting, ERP CRM, and other e-commerce software. The IPO is scheduled for next Wednesday, December 19.

According to vnunet the California based firm, which is backed by Larry Ellison could follow in Google's footsteps and end up valued at near a billion on its debut.

The Motley Fool posted a quick commentary by Tim Beyers with similar predictions, predicting the IPO would bring in at least $77 million of fresh capital but possibly as much as $95 million. Yet Beyers was skeptical of some of the more enthusiastic estimates, pointing out that traditional ERP providers such as SAP, Microsoft and Oracle have a far reach that would be hard for new firms to crack. He concluded, "NetSuite could be the next salesforce.com, but it could also be priced as if it already is."

SaaS commentator Phil Wainewright predicted NetSuite's IPO on December 6 after the CEO went on an investor roadshow to sell the merits of the company's NYSE listing. He commented that NetSuite had not yet recording a "barnstorming" sales performance but did point out that it had done enough to show potential investors its profitability.

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Posted by: Ron Pereira at December 18, 2007 10:02 PM | Permalink