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Mobile Game Publisher Jamdat Raises $88.8 Million in IPO

Authored by Mark Hefflinger on September 30, 2004 - 8:17am.
Los Angeles -- Mobile game publisher Jamdat Mobile saw its shares rise 41% yesterday in its initial public offering (IPO), which sold 5.55 million shares at a price of $16 per share. The company's stock finished at $22.51 on Wednesday, the first day of trading; its market capitalization is now $439 million. Proceeds from the offering are estimated to be $88.8 million. Los Angeles-based Jamdat sells games for cell phones, like its popular "Jamdat Bowling," in 39 countries through nearly 80 wireless carriers, including Verizon and Sprint.
http://biz.yahoo.com/bw/040928/286142_1.html http://www.latimes.com/business/la-fi-jamdat30sep30.story 
http://www.jamdat.com

tags: Deals | VC | IPO | Jamdat | Mobile Game Publisher |

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