Mobile game firm Glu Mobile today prices its initial public offering near the top if its range. The firm offered 7.3 million common shares at $11.50 per share, raising $84 million. The firm, which has not yet turned a profit, plans to use about $10.9 million of its IPO proceeds to repay debt to Pinnacle Ventures. See this article. [1]
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[1] http://www.marketwatch.com/news/story/game-maker-glu-mobile-prices/story.aspx?guid=%7B49D171A4-71E7-48B5-B06D-A6A05CCA326F%7D