NetSuite executives are expected on Thursday to begin meeting with investors interested in buying the stock, according to a person familiar with the plans.
Companies selling shares to the public for the first time generally launch investor meetings, or "road shows," in the two weeks before a final price is set for an IPO.
NetSuite's IPO will be conducted in an auction format, a process that gives investors, as opposed to underwriters, a strong voice in the offering's final pricing.
The San Mateo, Calif.-based company, which first announced plans to go public in July, recently said Ellison, its largest stockholder, would put his stake, equal to about 61 percent of outstanding shares, into a "lockbox."
The measure effectively strips him of voting rights, reducing conflict-of-interest concerns raised because of his position at Oracle, which NetSuite said it considered a potential competitor.
Oracle , co-founded by Ellison, sells similar types of software, but its products are designed for larger corporations.
NetSuite said in a filing on Thursday that it had purchased $5.6 million worth of software from Oracle earlier this year.
NetSuite said its third-quarter loss narrowed to $1.8 million from $9.2 million a year earlier, while revenue rose to $28.1 million from $18 million.
The company has about 5,400 customers that buy its software as a subscription that they access over the Internet. It targets its products at companies with no more than 1,000 employees.
NetSuite said it was applying to list its shares on the New York Stock Exchange under the symbol "N."
Underwriters, led by Credit Suisse and W.R. Hambrecht and Co, have the option to purchase an additional 930,000 shares to cover overallotments, according to the filing.