Wednesday, March 7, 2007

Glu Mobile Sets IPO Terms

San Mateo-based Glu Mobile has set terms of the firm's initial public offering, saying Tuesday night in a SEC filing that it is looking to offer 7.3M shares of its common stock at a price between $10.00 and $12.00 a share. The firm will list on the NASDAQ Global Market under the symbol GLUU. The IPO is being underwritten by Goldman, Sachs & Co., Lehman Brothers, Banc of America Securities, and Needham & Company.