SPOTLIGHT: Glu Prices IPO


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.

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