Born to be Wireless: Glu Raised $ 84 Million on IPO

Thursday, March 22, 2007

Glu Raised $ 84 Million on IPO

MoCoNews reports mobile games publisher Glu has raised $ 84 million for their IPO, $ 4 million above expectations. Glu offered 7.3 million shares which sold at $ 11.50 each while the forecast was between $ 10 and $ 12. Glu’s market capitalization has reached about $ 327 million. Glu’s common stock will trade on Nasdaq today under the GLUU symbol.

Labels: Glu, gluu, ipo