Jive Software shares jumped almost 27% after the company’s initial public stock offering.
Jive Software shares jumped almost 27% after the company’s initial public stock offering.
Jive shares climbed $3.21 above their $12 offering price in early trading, to $15.21 in morning trading. At those prices, investors valued Jive at nearly $900 million.
Jive’s IPO raised $160 million on Monday night, reflecting investors enthusiasm for corporate software and social networking technologies.
While Jive is small by the standards of publicly traded companies — its revenues totaled $54.8 million through the first nine months of the year — it’s growing fast. Jive’s revenues were up 73 percent through the first three quarters of 2011.
Read more at OregonLive.com.
{biztweet}jive software{/biztweet}
