Gamefly Files $50 Million IPO - TheStreet

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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