Jive Software (JIVE) IPO Prices at $12, Above Expected Range
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Jive Software, Inc. (Nasdaq: JIVE) priced its 13,439,600 share IPO at $12, which was well above the expected range of $8-$10. The offering size was increased from 11,700,470 shares. Shares are expected to open on the NASDAQ at approximately 11:00AM ET.
Morgan Stanley & Co. LLC and Goldman, Sachs & Co. are acting as lead book-running managers for the offering, and Citigroup Global Markets Inc. and UBS Securities LLC are acting as joint book-running managers for the offering. BMO Capital Markets Corp. and Wells Fargo Securities, LLC are acting as co-managers.
Jive Software provides a a social business software platform that seeks to improve business results by enabling a more productive and effective workforce through enhanced communication and collaboration both inside and outside the enterprise.
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Morgan Stanley & Co. LLC and Goldman, Sachs & Co. are acting as lead book-running managers for the offering, and Citigroup Global Markets Inc. and UBS Securities LLC are acting as joint book-running managers for the offering. BMO Capital Markets Corp. and Wells Fargo Securities, LLC are acting as co-managers.
Jive Software provides a a social business software platform that seeks to improve business results by enabling a more productive and effective workforce through enhanced communication and collaboration both inside and outside the enterprise.
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