Jive Software, which provides a social networking platform for enterprises, announced terms for its IPO on Wednesday. The Palo Alto, CA-based company plans to raise $105 million by offering 11.7 million shares at a price range of $8 to $10. At the mid-point of the proposed range, Jive Software will command a market value of $614 million. Jive Software, which was founded in 2001 and booked $69 million in sales for the 12 months ended September 30, 2011, plans to list on the NASDAQ under the symbol JIVE. Morgan Stanley, Goldman, Sachs & Co., Citi, and UBS are the lead underwriters on the deal.
