The year-end IPO rush is here: Jive prices IPO, Zynga up next

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The year-end holidays are right around the corner, which means many of us are scrambling to get things done right now, in the last full week before everyone essentially checks out until January. For a number of companies in the tech sphere and beyond, an initial public offering is a big item on this year’s pre-Christmas to-do list.

  • First up is Jive Software. The Palo Alto, Calif.-based enterprise social networking company priced its IPO at $12 per share on Monday afternoon in the run-up to a Tuesday morning stock market debut, according to a report by the Wall Street Journal. The IPO will net $160.8 million for the company, which has been received more enthusiastically by investors than had initially been projected: Jive previously projected its IPO would be priced at between $8 to $10 per share. Jive will trade on the Nasdaq exchange under the stock ticker JIVE.
  • Next on deck is Zynga, which is widely expected to price its own massive stock offering at some point this week. The social gaming giant expects to make some $1 billion in its IPO, giving the whole company a valuation at around $7 billion. Zynga will trade on the Nasdaq exchange under the stock ticker ZNGA.
  • Another tech company with an IPO on the near-term horizon is FusionStorm Global, which is flying a bit more under the radar. That’s perhaps due to its non-Silicon Valley address and less glitzy focus: The Waltham, Mass.-based company “provides IT solutions to enterprises and the public sector.” Either way, FusionStorm is a big company; it expects to raise $175 million in its IPO, which is slated for pricing this week. The company will list on the Nasdaq under the ticker FSTM.

Although these are indeed frothy times for web companies, this week’s IPO fervor extends beyond the tech sector. A total of 12 companies are expected to price IPOs this week according to Renaissance Capital, an investment bank that specializes in IPO research. If all those happen, that would make this the most active week for public offerings since Dec. 2007, when 13 companies came out on the stock market. One thing is certain: If everything goes as planned, the holiday celebrations of quite a few entrepreneurs and investors will be very merry indeed.

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