Jive Software Sets IPO Range

Palo Alto-based Jive Software, the developer of social networking software for businesses, has set its IPO range, saying in a filing this morning that it expects to debut its IPO at between $8.00 and $10.00 per share. The firm is planning to list on the Nasdaq Global Select Market as JIVE. Jive's IPO is being underwritten by Morgan Stanley, Goldman, Sachs & Co., Citigroup, UBS Investment Bank, BMO Capital Markets, and Wells Fargo Securities. Jive is backed by Sequoia Capital and Kleiner Perkins Caufield & Byers.