NEW YORK (
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.
Piedmont Office Realty Trust
priced shares below forecasts.
-- Reported by Jeanine Poggi in New York.
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