The video game rental service GameFly has filed an IPO today, becoming a publicly traded company and raising $50 million USD. The company will trade on the NASDAQ under the ticker GFLY.
The company has 334,000 subscribers and had revenue of $46.4 million for the six months ended September 30th, 2009. Net profit was $3 million, a drop year-on-year.
Additionally, GameFly is also in control of a network of gaming-related sites that bring in about 4.4 million unique users per month.
The company says it will use the IPO money for future growth.
Additionally, GameFly is also in control of a network of gaming-related sites that bring in about 4.4 million unique users per month.
The company says it will use the IPO money for future growth.