PALO ALTO, Calif., Dec. 12, 2011 (GLOBE NEWSWIRE) -- Jive Software, Inc. (Nasdaq:JIVE) today announced the pricing of its initial public offering of 13,439,600 shares of its common stock at a price to the public of $12.00 per share. The shares are expected to begin trading on The Nasdaq Global Select Market on December 13, 2011 under the symbol "JIVE." Jive is offering 10,072,463 shares of common stock and selling stockholders are offering 3,367,137 shares of common stock. In addition, Jive has granted the underwriters a 30-day option to purchase up to 2,015,940 additional shares of common stock to cover over-allotments, if any.
Morgan Stanley & Co. LLC and Goldman, Sachs & Co. are acting as lead book-running managers for the offering, and Citigroup Global Markets Inc. and UBS Securities LLC are acting as joint book-running managers for the offering. BMO Capital Markets Corp. and Wells Fargo Securities, LLC are acting as co-managers.
A registration statement relating to these securities has been filed with, and declared effective by, the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
The offering will be made only by means of a prospectus. Copies of the prospectus related to the offering may be obtained from Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014, telephone: 1-866-718-1649, or email: prospectus@morganstanley.com; from Goldman, Sachs & Co., Attention: Prospectus Department, 200 West Street, New York, NY 10282, telephone: 1-866-471-2526, or email: prospectus-ny@ny.email.gs.com.