Gamefly Files $50 Million IPO

NEW YORK ( TheStreet) -- Gamefly , the Netflix ( NFLX) 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), Piedmont Office Realty Trust ( PDM) and Solar Capital ( SLRC) priced shares below forecasts.

-- Reported by Jeanine Poggi in New York.

Follow TheStreet.com on Twitter and become a fan on Facebook.

More from Stocks

Danica Patrick's Final Race at 2018 Indianapolis 500: What She Thinks About Cars

Danica Patrick's Final Race at 2018 Indianapolis 500: What She Thinks About Cars

Why The FANG Stocks' Dominance May Not Be So Bad For The Market

Why The FANG Stocks' Dominance May Not Be So Bad For The Market

At End of May, Investors Signalling They May Stay Away

At End of May, Investors Signalling They May Stay Away

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Neel Kashkari: The Heart of Our Financial System Is More Radioactive Than Ever

Neel Kashkari: The Heart of Our Financial System Is More Radioactive Than Ever