Jive Software (JIVE) Sets IPO Terms: 11.7 Mln Shares at $8-10 Each
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Jive Software (Nasdaq: JIVE) issues IPO terms of 11.7 million shares offered at between $8-10 per share.
The breakdown of shares includes 8.33 million shares offered by the company and 3.367 million shares being offered by selling shareholders.
In the SEC filing, the Company states: "We intend to use approximately $20 million of the net proceeds we receive from this offering to pay down our outstanding loans. We also intend to use the net proceeds from this offering for general corporate purposes, including working capital and potential acquisitions. We will not receive any of the proceeds from the sale of shares to be offered by the selling stockholders."
The breakdown of shares includes 8.33 million shares offered by the company and 3.367 million shares being offered by selling shareholders.
In the SEC filing, the Company states: "We intend to use approximately $20 million of the net proceeds we receive from this offering to pay down our outstanding loans. We also intend to use the net proceeds from this offering for general corporate purposes, including working capital and potential acquisitions. We will not receive any of the proceeds from the sale of shares to be offered by the selling stockholders."
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