Jive Software?s 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.

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