Jive prepares for IPO, picks Nasdaq

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Forbes magazine reports this week that as enterprise social software vendor Jive Software prepares for its initial public offering, it has chosen Nasdaq as its stock exchange. Jive, to no surprise, will sell under the ticker name "JIVE." The report also states that its venture capital partners bought $40 million in Series C preferred stock in the third quarter, which is seen as a vote of confidence for the company ahead of its IPO. For more information, see the Forbes article.