Jive Social Business Software listing to raise more than $ 160 million

The United States of America enterprise social software developer Jive Software Inc (referred to as Jive ) in December 13th in New York listed on the Nasdaq, the stock code for JIVE. The IPO ( initial public offering ) target for $161300000, 38% higher than the original plan. In December 12th, Jive said in a statement, will be 12 U.S. dollars per share price sold 13400000 shares. The company submits to the regulatory documents show, the original plan to share 8 to $10 on the sale of 11700000 shares.

This week, a total of 11 companies issued IPO, raising a total of $3800000000. Jive is one of them. Since March this year the IPO most centralized a.

Development of the Jive software can let employees use similar Facebook and Twitter social networking features, project cooperation, and to communicate with customers. Over the past three years, Jive company income increases considerably. At present, Jive customers include NetApp, Avon, yum and Nike.

With Jive company Flywheel Ventures partner Terry floy says," consumers leading the technology era, enterprises are forced to catch the tide. Now, Jive is the story of mainstream enterprise customers spread."

Software as a service

Since August this year, at least three of the United States of America sales software companies including IPO, provide enterprises with the customer communication software Eloqua Bazaarvoice ( August) and mail marketing services company ExactTarget ( November).

The first nine months of this year, Jive net loss widened to $38100000, $ 20900000 for the same period last year. The company's sales increased by 73%, $54800000. The end of the market value of $573000000, as of September 30th this year is 8.3 times sales. The ratio of Jive IPO Microsoft IBM two competitors and 2 times higher, the former is 3, which is 2.1.

Microsoft, HP and IBM are turning to cloud services. The service allows customers to save money, they can hire software through the network, access, and without the need to install it on your machine. According to the United States market research firm Gartner predicts, to 2014, the cloud service market value is expected to reach $148800000000, about $68300000000 last year.

The largest shareholders

According to Jive listing regulatory documents, about $20000000 of IPO proceeds will be used to repay the loan. Morgan Stanley ( MS ) and Goldman Sachs ( GS Jive IPO ) will serve as the lead underwriter. The largest shareholder of Jive -- Sequoia Capital, Perkins Caufield and venture capitalist Kleiner & Byers did not intend to sell its shares. According to the original IPO conditions, the two shareholders in Jive IPO, the respective shares were up 29% and 11%.

Jive originally planned to sell 8330000 shares, with the shareholders of the company out of 3370000 shares, for a total of 11700000 shares. Company co-founder Matthew Tucker ( Matthew Tucker ) and Bill Lynch ( Bill Lynch ) original respectively hold 14% share, IPO will each reduced its stake to 11%. CEO Anthony Xin Gore ( Anthony Zingale ) original holding approximately 7% shares, IPO program reduced its stake to 5.4%.

Last month, according to people familiar with the matter, the world's largest social network service provider Facebook is preparing for IPO, raise the amount of about $10000000000, will make its market capitalization of more than $100000000000.