jive software NASDAQ ipo ticker symbol

jive software NASDAQ ipo ticker symbol ; Jive Software, a onetime Portland social networking company that still retains a large presence in the city, edged closer to an initial public offering this morning by setting a price range for its shares between $8 and $10.

Jive, now headquartered in Palo Alto, Calif., indicated it plans to raise between $93.6 million and $117 million in the public stock offering and trade on the Nasdaq exchange under the ticker symbol JIVE.

The range suggests that Jive's market value is somewhere between $460 million and $600 million.

The company filed for its IPO in August, saying it hoped to raise $100 million. In its regulatory filing this morning, Jive said it will use $20 million from its IPO proceeds to pay down existing debt and use the rest for "general corporate purposes." For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today

Related Post: