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."