December 12th, 2011
CONFIRMED: Jive Software IPO at $12 per share, slated for Tuesday, December 13
There have been a ton of rumors swirling about Jive Software, as of late. But it looks like one of those may have more merit than the others. And given that I’ve seen it any number of places and that our friends at Jive are in the midst of a quiet period, I’m going to share this one.
According to All Things D’s sources, Jive will have its initial public offering on Tuesday, December 13.
Shares of Jive Software, the social enterprise and collaboration software company, will price today and will debut on the Nasdaq exchange tomorrow morning, sources familiar with the matter tell AllThingsD. The debut will cap a process that began in August when it filed its first form S1 with the U.S. Securities and Exchange Commission.
If it happens, it will be one of the biggest things to happen in the Portland startup scene in terms of exits. Especially for a community who has long been awaiting one of their own experiencing a significant liquidity event.
What’s that? Oh yeah. All the hubbub about Jive moving their headquarters to Palo Alto? Well, that’s all well and good. But there’s still a building full of Jive staff sitting in downtown Portland. No matter where their headquarters happens to be.
We’ll just to have to see if it comes to pass. But I know I’ll definitely be tuning in to the opening bell tomorrow.