Check Out Who’s Getting Rich on Jive’s IPO Today
Shares of Jive Software will debut for trading sometime after 10 am ET, after officially pricing last night at $12 a share, higher than the range of $8 to $10 a share originally expected.
At that price, Jive will debut with a market capitalization of nearly $700 million, and has raised about $161 million.
The offering will amount to a nice payout for Jive’s investors and shareholders. Based on the reported share holdings in Jive’s S-1 filing with the SEC, here’s how some of them are making out — assuming the share price stays at $12:
- Sequoia Capital: 16.95 million shares, amounting to more than one-third of Jive’s equity, worth $203.4 million.
- Kleiner Perkins: 6.7 million shares, worth $80 million.
- Bill Lynch, Matthew Tucker: Jive’s co-founders own 7.1 million shares each, amounting to combined equity of nearly 32 percent, worth $85 million apiece.
- CEO Tony Zingale, the former CEO of Mercury Interactive who oversaw its sale to Hewlett-Packard, has 3.6 million shares, worth $43 million.
- John McCracken, Jive’s senior VP of worldwide sales, has 784,000 shares, worth $9.4 million.
- CFO Bryan J. LeBlanc has 694,000 shares, worth $8.3 million.
- Bill Lanfri, a Jive director, former CEO of Big Bear Networks (a Sequoia investment), and a founding investor in RedBack Networks, has 581,000 shares, worth $7 million.
- Robert F. Brown, Jive’s senior VP of client services, has 434,000, worth $5.2 million.
- Brian J. Roddy, senior VP of engineering, has 429,000 shares, worth $5.1 million.