Jive Software Raises $161.3 Million in Initial Public Offering - Businessweek

Congrats to the Jive team on a major milestone

Jive Software Inc., the maker of social-networking software for businesses, raised $161.3 million in its initial public offering, 38 percent more than it sought, after pricing the shares above the marketed range.

The Palo Alto, California-based company sold 13.4 million shares at $12 apiece, according to data compiled by Bloomberg, after saying it would offer 11.7 million for $8 to $10 each. The stock will trade on the Nasdaq Stock Market starting tomorrow [today] under the symbol JIVE.

Jive Software Raises $161.3 Million in Initial Public Offering - Businessweek