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.
The Fenwick transaction team was led by corporate partners Dave Bell and Rob Freedman and included associates Niki Fang and Liza Kostinskaya.
More information about the transaction is available from the announcement on Glu Mobile’s website.