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Jamdat Prices Planned IPO
By Susan Rush
WirelessWeek - September 08, 2004

Jamdat Mobile is moving closer to making its planned initial public offering (IPO) a reality. The wireless game applications developer is hoping to fetch between $13 and $15 a share for 5.3 million shares. An IPO date has yet to be set.

In July, the company took its first steps toward an IPO by filing a registration statement with the U.S. Securities and Exchange Commission. In an amended filing, the company says it will offer 3.57 million shares, while stockholders will offer up 1.74 million. Jamdat will not receive proceeds from common stock sold by stockholders. 

The company plans to use the net proceeds of the sale for working capital and general corporate purposes. "We may also use a portion of such net proceeds for the acquisition of businesses, applications and technologies," the company said in its filing.

Underwriters for the IPO are listed as Lehman Brothers; Merrill Lynch; Pierce, Fenner & Smith; and UBS Securities.

Jamdat has been making development deals as of late. Last week, the company said it is developing mobile games based on Nickelodeon's children's television series, "Blue's Clues" and "Dora the Explorer."

Related Content
Jamdat Sets Game Standard
Jamdat Prices IPO At $16 Per Share
IPO.com Stages Its Own Offering





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