Jive Software has made its debut on the Nasdaq, following on the heels of other recent tech company IPOs such as Groupon, LinkedIn and Netflix. Jive, a maker of collaborative social media software for the enterprise, doesn’t have the consumer orientation of those three, but it’s apparently similar enough for the market: It raised a more-than-respectable $161 million in its initial public offering. The stock began trading at $12 a share on Tuesday, under the symbol “JIVE.” By midday, it had risen more than 25 percent.
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Jive Software Makes Snappy Debut
Posted by: Erika Morphy December 13, 2011 02:37 PMJive Software has made its debut on the Nasdaq, following on the heels of other recent tech company IPOs such as Groupon, LinkedIn and Netflix. Jive, a maker of collaborative social media software for the enterprise, doesn’t have the consumer orientation of those three, but it’s apparently similar enough for the market: It raised a more-than-respectable $161 million in its initial public offering. The stock began trading at $12 a share on Tuesday, under the symbol “JIVE.” By midday, it had risen more than 25 percent.