Monday, December 12, 2011

Jive Prices IPO

Palo Alto-based Jive Software, which develops social networking software for business, has priced its IPO at $12.00 per share, above its initial, $8 to $10 per share range. Jive Software will start trading Tuesday on the NASDAQ Global Market as Jive. Jive is venture backed by Sequoia Capital and Kleiner Perkins Caufield & Byers.