Glu Mobile, the third largest developer and marketer of games for mobile phones in the US, priced its offering of 7.3 million shares at $11.50, near the high end of its $10-$12 range. Glu Mobile currently markets 126 titles to one billion subscribers worldwide through agreements with leading wireless carriers, including Verizon, Sprint Nextel, Cingular, Vodafone and T-Mobile. (For more information on the company, please view our Featured IPO write-up). Goldman Sachs acted as lead manager for the IPO, and the stock is expected to commence trading on the NASDAQ under the ticker symbol "GLUU" on Thursday.
