Technology

Motive Goes Public

6/25/2004 5:03 AM Eastern

Motive Inc., which supplies cable operators and telcos with management software for high-speed-data services, announced an initial public offering of stock -- 5 million shares priced at $10 apiece.

J.P. Morgan Chase & Co. is acting as sole book-runner, Motive said, with Thomas Weisel Partners LLC acting as co-lead writer.

Motive said it has granted the underwriters a 30-day option to purchase additional shares up to 750,000 to cover overallotments.

March