Zynga
Jive Software CEO Tony Zingale
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is not the only Silicon Valley tech company to IPO this week.
Jive Software will also go public tomorrow.
The Wall Street Journal reports that Jive has priced at $12 per share — higher than its anticipated range of $8 to $10.
The company also sold more shares than expected — 13.4 million instead of 11.7 million.
At that price, the company will raise more than $160 million and will be valued at close to $680 million.
The IPO could kick off more investor interest in the enterprise collaboration space, where startups like Jive, Huddle, Box.net, and Yammer compete against established public companies like Salesforce and Microsoft.
The company started almost a decade ago making software for company message boards, but has since broadened into making a cloud-based collaboration service for employees.
The stock will trade on the Nasdaq under the symbol JIVE, and the IPO was underwritten by Morgan Stanley and Goldman Sachs.
Article source: SAI http://feedproxy.google.com/~r/typepad/alleyinsider/silicon_alley_insider/~3/3LZuzizkfwQ/zyngas-not-the-only-tech-ipo-this-week-2011-12