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Jive Software (JIVE) IPO Trades Higher

December 13, 2011 11:05 AM EST
The IPO for Jive Software, Inc. (Nasdaq: JIVE) is open for trading. The stock is trading at $15.12 after price 13,439,600 shares at $12.

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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