Finally, a Broadband IPO

Motive raised $50 million in an intial public offering. The filing fell short of expected $55-to-$60 million the company had planned to raise. Ticker, MOTV. JPMorgan was the book-runner; Thomas Weisel Partners, Friedman Billings Ramsey, Needham & Company, Inc., and America’s Growth Capital were the co-leads. Here is what I said previously on GigaOM about Motive. According to Austin Business Journal, Motive is the third Austin-based company to IPO in the last year. SigmaTel Inc. (Nasdaq: SGTL) and Staktek Holdings Inc. (Nasdaq: STAK) were the previous two companies.


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