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Gamefly Files $50 Million IPO

NEW YORK ( TheStreet) -- Gamefly , the Netflix (NFLX - Get Report) of video game rentals, filed a $50 million initial public offering Wednesday.

The company, which allows users to rent video games by mail, currently has 334,000 subscribers, with sales of $46.4 million for the six-month period ended Sept. 30.

It also operates a portfolio of video-game Web sites.

Gamefly plans to come to market at a time where IPOs have been weak. This week, alone, all of the companies that have come to market have missed expectations for pricing.

Terreno Realty (TRNO - Get Report), Piedmont Office Realty Trust (PDM - Get Report) and Solar Capital (SLRC - Get Report) priced shares below forecasts.

-- Reported by Jeanine Poggi in New York.

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SYM TRADE IT LAST %CHG
NFLX $114.31 0.00%
PDM $18.21 0.00%
SLRC $17.77 0.00%
TRNO $20.97 0.00%
AAPL $121.30 0.00%

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Chart of I:DJI
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S&P 500 2,103.84 -4.79 -0.23%
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