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December 13, 2011 09:13 pm GMT
Social enterprise giant Jive Software started trading this morning on the Nasdaq under the symbol JIVE. The company priced its IPO last night at $12 per share, giving the company a $600 million. -plus valuation. Jive originally set the range between $8 and $10 per share. This morning Jive opened at $15.12 per share, up 27 percent from its pricing. At $15.12, Jive would be valued at over $800 million. Jive, which raised $161 million in the offering, had previously raised $57 million in funding, but in October existing investors Sequoia and Kleiner Perkins invested $40 million more in the company. Jive sold13.4 million shares, up from the 11.7 million shares originally planned.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/FcLKB98i2A8/
Jive Softwares Shares Pop 27 Percent On First Trade; Valued At Over $800 Million
Social enterprise giant Jive Software started trading this morning on the Nasdaq under the symbol JIVE. The company priced its IPO last night at $12 per share, giving the company a $600 million. -plus valuation. Jive originally set the range between $8 and $10 per share. This morning Jive opened at $15.12 per share, up 27 percent from its pricing. At $15.12, Jive would be valued at over $800 million. Jive, which raised $161 million in the offering, had previously raised $57 million in funding, but in October existing investors Sequoia and Kleiner Perkins invested $40 million more in the company. Jive sold13.4 million shares, up from the 11.7 million shares originally planned. Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/FcLKB98i2A8/
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