San Francisco – Glu Mobile (NASD: GLUU), a developer of social games for
smartphone and tablet devices, announced on Tuesday that it plans to raise $15
million through a public offering of its shares.
San Francisco-based Glu said
it will price 7.3 million shares of its stock at $2.05 per share.
said it plans to use the anticipated $13.8 million in net proceeds from the
offering to accelerate development of its global social gaming community.