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Jive Surges in Trading Debut After Pricing IPO Above Range

Jive Software Inc., a company that helps businesses communicate using Facebook-style tools, jumped 25 percent in its first day of trading, signaling that investors remain hungry for social-networking stocks.

The shares climbed to $15.05 on the Nasdaq Stock Market, a day after the Palo Alto, California-based company priced its stock at a higher-than-expected level in an initial public offering. Jive sold 13.4 million shares at $12 apiece, topping an earlier proposal to offer 11.7 million for $8 to $10 each.