
SSPA P R E S S R E L E A S E S Motive, Inc. Announces Initial Public Offering June 28, 2004 Austin, TX, June 25, 2004 - 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. |
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