This was unexpected: Glu Mobile, the mobile gaming company which has major investment from the like of Time Warner, has filed for an IPO in Nasdaq. We has heard rumors of them being for sale and possibly being bought by Time Warner for at least the last six months. That did not happen, and it is planning to raise as much as $92 million in common stock.
Goldman Sachs & Co., Lehman Brothers, Banc of America Securities LLC and Needham & Company LLC will underwrite the IPO, according to the S-1 filed with SEC. The symbol: GLUU.
This is the second mobile gaming pureplay IPO in U.S. market, after Jamdat Mobile, which is now part of EA machinery.
We have more coverage of this on our sister site MocoNews.net, here.
The full SEC filing is here.
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—EA Mobile Marketshare Declines, Glu Takes Second Spot
—Gameloft On Metrics, Brand, And Why They’re #2