Jive Software Raises $161 Million in Initial Public Offering

On December 12, 2011, Palo Alto, California-based Jive Software 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 began trading on the NASDAQ Global Select Market on December 13 under the symbol "JIVE." Wilson Sonsini Goodrich & Rosati advised Jive Software in connection with the offering.

For more information, please see Jive Software's press release.