WASHINGTON-Mobile game publisher Jamdat Mobile Inc. will offer 5.3 million common shares for an estimated $13 to $15 per share in an initial public offering, according to official documents filed Tuesday.
The Los Angeles company plans to sell about 3.6 million shares, with stockholders looking to sell 1.7 million more. Underwriters Lehman Brothers, Merrill Lynch & Co. and UBS Investment Bank will have the option to buy another 800,000 shares.
Jamdat, which said it won’t receive any proceeds from the sale, reportedly could raise as much as $54 million from the IPO. The company hopes to list the stock on Nasdaq under the symbol “JMDT.”
In addition, Jamdat announced that eBay Chief Financial Officer Rajiv Dutta will join the company’s board of directors upon completion of the IPO. Dutta, who joined eBay as finance director in 1998, holds degrees from St. Stephen’s College, Delhi University in India and the Drucker School of Management.
