Los Angeles based mobile entertainment publisher JAMDAT Mobile has announced its intention to float on the NASDAQ stock market, with an initial public offering of some $86 million.
The news came by means of a filing with the US Securities and Exchange Commission last Friday, in which JAMDAT disclosed its intentions but did not provide details of how many shares would be offered, or what the initial share price would be.
JAMDAT is the first major flotation in the mobile entertainment space; the company is a major player in the mobile gaming market, and also distributes ring tones and screen images in 38 countries, through 72 different wireless carriers.
Read more at Gameindustry.biz
