Glu Mobile -10.1% after pricing offering at $3.50

|About: Glu Mobile Inc. (GLUU)|By:, SA News Editor

Glu's (GLUU) offering price is 13.8% below a Thursday close of $4.06.

The company expects to reap net proceeds of $27.8M by selling 8.58M shares. Underwriters have a 1.29M-share overallotment option.

Yesterday: Glu lower after announcing stock offering