Social enterprise giant Jive has just set the terms of its IPO in a new filing. Jive, which aims to raise a little over $100 million in a public offering, has set the range between $8 and $10 per share. At the high end of the range, Jive could be worth as over $500 million.
Modeled to offer Facebook-like features to enterprises, Jive’s software combines computing with social collaboration to offer fully-featured social networks for businesses. Its suite of applications help businesses collaborate on a variety of tasks, including holding discussions, communication, sharing documents, blogging, running polls, and social networking features and more.
Jive, which will list on the Nasdaq under the symbol ‘JIVE,’ filed its original S-1 in August. Jive had previously raised $57 million in funding, but in October existing investors Sequoia and Kleiner Perkins invested $40 million more in the company.
For the years ended December 31, 2008, 2009 and 2010 and for the nine months ended September 30, 2011, Jive’s total revenues were $16.9 million, $30 million, $46.3 million and $54.8 million, respectively. The company incurred net losses of $11.3 million, $4.8 million, $27.6 million and $38.1 million for the years ended December 31, 2008, 2009 and 2010, and for the nine months ended September 30, 2011, respectively.
With Jive setting the price range for the offering of its shares, the company will debut on the Nasdaq in the coming weeks, joining Zynga as well.