Wednesday, November 30, 2011

Jive Software Sets Range For IPO

Jive Software, which develops social networking software for businesses, and which has its roots and develops its software in Portland, has set its anticipated IPO pricing range, as the firm gears up for going public. The firm said in an updated S-1 today that it expects to debut its IPO at between $8.00 and $10.00 per share. Jive has applied to list on the NASDAQ Global Select Market as JIVE. Jive's IPO is being underwritten by Morgan Stanley, Goldman, Sachs & Co., Citigroup, UBS Investment Bank, BMO Capital Markets, and Wells Fargo Securities. Jive is backed by Sequoia Capital and Kleiner Perkins Caufield & Byers. The firm was founded in Portland, where it still does development, but moved its headquarters to Silicon Valley back in May of 2010.