Wednesday, March 21, 2007
Glu Mobile (GLUU): $327M Mkt Cap
"San Francisco-based mobile gaming firm Glu Mobile raised $84 million with an IPO that was priced within a forecast range. The 7.3 million share offering sold for $11.50 per share compared with a $10 to $12 per-share forecast range, according to an underwriter, reports Reuters. The offering price gives the company an initial market capitalization of about $327 million."
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This stock is a very interesting investment regarding the future of the mobile life. just take a look to japan or ad.tagg in switzerland......the access to mobile pages or downloads direct to the devices will change things.
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