Jive Sets IPO Price At Between $8-$10 With Valuation At Over $500 Million

Posted Nov 30, 2011

Jive is a social enterprise company that has filed for an IPO. The company expects to raise over $100 million from the IPO. At the high end of the price range per share, it would put Jive at a valuation of over $500 million.

Jive offers software that is similar to Facebook for enterprises. Some of Jive’s features includes discussions, documenting sharing, blogging, and polls. Jive would trade on the Nasdaq under the symbol “JIVE.” Jive previously raised about $57 million in funding from Sequoia Capital and Kleiner Perkins.

This was Jive’s revenues for the years ending:
2008: $16.9 million
2009: $30 million
2010: $46.3 million
First 9 months of 2011: $54.8 million

This was Jive’s net losses for the years ending:
2008: $11.3 million
2009: $4.8 million
2010: $27.6 million
First 9 months of 2011: $38.1 million