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Jive Software Inc. Launches Hot IPO, Shares Jump 25 Percent First Day

Jive was up as much as 38 percent during the trading day on the NASDAQ Stock Market, reaching an intraday high of $16.50. The company, based in Palo Alto, Ca., said in a statement it sold 13.4 million shares at $12 each after originally planning to sell 11.7 million shares at $8 to $10 each.

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