Glu Mobile Sets IPO Terms

Glu Mobile Inc., a San Mateo, Calif.-based mobile game publisher, has set its proposed IPO terms to 7.3 million common shares being offered at between $10 and $12 per share. It plans to trade on the Nasdaq under ticker symbol GLUU, with Goldman Sachs and Lehman Brothers serving as co-lead underwriters. The company has raised around $57 million in VC funding since its 2001 inception as Sorrent, from firms like New Enterprise Associates, BA Venture Partners, Globespan Capital Partners, Granite Global Ventures and Sienna Ventures. www.glu.com