Fenwick & West represented Glu Mobile, Inc. (NASDAQ:GLUU), a leading global developer and publisher of free-to-play games for smartphone and tablet devices, in its follow-on public offering. On September 12, 2013, the company priced 6,300,000 shares of its common stock at a price to the public of $2.10 per share for gross proceeds of $13.2 million. Glu Mobile also granted the underwriters an option to purchase an additional 945,000 shares of common stock to cover over-allotments, which they exercised in full, bringing total gross proceeds to $15.2 million. The offering closed on September 17, 2013.
Canaccord Genuity Inc. acted as sole book-running manager for the offering, while Needham & Company, LLC and Roth Capital Partners, LLC acted as co-managers for the offering.
More information about the transaction is available from the announcement on Glu Mobile’s website.