NetSuite released its second quarter financials in an amended S-1 registration statement this week, which also revealed that majority stockholder Larry Ellison is to relinquish his grip on the company to eliminate potential conflicts of interest while he remains CEO of software giant Oracle. Both moves help pave the way towards the company’s much-awaited IPO — although sometimes it feels as though the IPO has been in the offing for so long, it ain’t never gonna happen.
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