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."

1 comment:

Editor said...

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.