Jive Pushes Ahead With IPO, Seeking to Raise $117 Million
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Jive Software Inc., the maker of social-networking software for businesses, pushed ahead with plans for an initial public offering, seeking to raise as much as $117 million.
The Palo Alto, California-based company will sell 8.33 million shares, with stockholders offering an additional 3.37 million, according to a filing today. The price will be $8 to $10. That would put Jive’s valuation at as much as $573 million.