Glu Mobile IPO Could Stick It to EA
Then there is the risk that seems to be mattering less and less to the IPO market these days: Glu has yet to post a profit. But it's getting there. Losses in 2004 exceeded that year's revenue. In 2005 the net loss was equal to 70% of revenue and last year it was equal to 27%.
Glu is a leader in a growing, young market. But it's not the strongest player. EA is bigger, better financed and better valued for now. Still, Glu may appeal to some investors as a pure play in the mobile-application space. If the stock slumps in the wake of its IPO, it could offer investors a better opening to get in than the IPO did.- Loading Comments...
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