GLU Mobile IPO
March 12, 2007
Mobile game firm Glu Mobile sets IPO terms
By Steve Gelsi
Last Update: 7:48 AM ET Mar 7, 2007
NEW YORK (MarketWatch) — Glu Mobile Inc. late Tuesday said it plans to offer 7.3 million shares at the estimated range of $10-$12 a share in a bid to raise $80 million in its upcoming initial public offering. The San Mateo, Calif. publisher of mobile games such as Deer Hunter, Diner Dash, Monopoly, Sonic the Hedgehog and World Series of Poker plans to trade on the Nasdaq under the symbol GLUU on the Nasdaq.
Mobile gaming companies seem to be in the same stage the gaming industry as a whole was in the mid 90’s. I believe the IPO will be one of the top performers for the month of March. What are your thoughts?
