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Motive, Inc. Announces Initial Public Offering
AUSTIN, Texas, June 25 /PRNewswire-FirstCall/ -- Motive, Inc. (NASDAQ:MOTV), 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 Ramsey, Needham & Company, Inc., and America's Growth Capital. A copy
of the written prospectus related to this offering may be obtained from J.P.
Morgan Securities Inc. at 277 Park Avenue, New York, NY 10172.
A registration statement related to these securities has been declared
effective by the Securities and Exchange Commission. The public offering is
being made solely by means of prospectus. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy, nor shall
there be any sale of these securities in any state in which such offer,
solicitation or sales would be unlawful prior to registration or qualification
under the securities law of any such state.
About Motive, Inc.
Motive, Inc. is a leading provider of management software that enables
technology products to manage themselves. Motive's software adds management
intelligence and automation to technology products and services, allowing them
to install, diagnose and repair themselves, or guide users through simple steps
when necessary. Companies worldwide have used Motive's software in connection
with more than 30 million products and services. Founded in 1997, Motive is
headquartered in Austin, Texas and has offices in Europe and Asia. For more
information, visit http://www.motive.com/ .
Motive and the Motive logo are trademarks or registered trademarks of Motive,
Inc. All other products or services mentioned herein are trademarks of their
respective holders.
Contact:
April Downing (Investor Relations)
(512) 531-1038
Cybele Diamandopoulos (Public Relations)
(512) 506-4272
DATASOURCE: Motive, Inc.
CONTACT: investor relations, April Downing, +1-512-531-1038, or
, or public relations, Cybele Diamandopoulos,
+1-512-506-4272, or , both of Motive, Inc.
Web site: http://www.motive.com/