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Article: Motive, Inc. Announces Initial Public Offering.
- Article from:
- PR Newswire
- Article date:
- June 25, 2004
CopyrightCOPYRIGHT 2004 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Motive, Inc. , a provider of management software that enables technology products to manage themselves, today announced its initial public offering of 5,000,000 shares of common stock at a price of $10.00 per share. In addition, Motive and a selling stockholder have granted the underwriters a 30-day option to purchase up to an additional 750,000 shares of common stock to cover over- allotments. The shares will be listed on The Nasdaq National Market under the symbol 'MOTV' and will begin trading today.
The managing underwriters of the offering are JPMorgan acting as sole book-runner, with co-lead Thomas Weisel Partners LLC and co-managers Friedman Billings ...
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