NetSuite Announces Closing of Initial Public Offering of Common Stock and Exercise of Over-Allotment Option

SAN MATEO, California, December 26 /PRNewswire/ --

NetSuite Inc. (NYSE: N) announced today that it has closed on its initial 
public offering of 6,200,000 shares of common stock at a price of US$26.00 
per share. NetSuite also announced that the underwriters of the offering
exercised in full their option to purchase an additional 930,000 shares of
the company's common stock (565,000 shares from the company and 365,000
shares from the selling stockholders), bringing the total initial public
offering size to US$185.4 million prior to the deduction of underwriting
discounts and estimated expenses paid by NetSuite.

(Logo: http://www.newscom.com/cgi-bin/prnh/20021024/SFTH024LOGO)

Credit Suisse Securities (USA) LLC acted as sole book-running manager for
the offering and W.R. Hambrecht + Co., LLC acted as co-manager.

A copy of the final prospectus relating to the offering may be obtained
from Credit Suisse Securities (USA) LLC, Prospectus Department, One Madison
Avenue, New York, NY 10010, telephone 1-800-221-1037.

A registration statement relating to this offering was filed with and
declared effective by the Securities and Exchange Commission. This press
release shall not constitute an offer to sell or the solicitation of an offer
to buy common stock of NetSuite Inc., nor shall there be any sale of these
securities in any state or jurisdiction in which such offer, solicitation or
sale would be unlawful prior to registration or qualification of the
securities under the securities law of any such state or jurisdiction.

Web site: http://www.netsuite.com