LOS ANGELES, Feb. 10, 2010 (GLOBE NEWSWIRE) -- GameFly, Inc. ("GameFly") announced today that it filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission ("SEC") for a proposed initial public offering of its common stock. The shares in the offering will be offered by GameFly and certain selling stockholders. The number of shares to be offered and the price range for the offering have not yet been determined.
BofA Merrill Lynch and Piper Jaffray & Co. will be acting as joint book-running managers, with Cowen and Company and William Blair & Company acting as co-managers, for the proposed offering. The offering will be made only by means of a prospectus.
When available, copies of the preliminary prospectus relating to the offering may be obtained from BofA Merrill Lynch, Preliminary Prospectus Department, 4 World Financial Center, New York, NY 10080 or by emailing Prospectus.Requests@ml.com, and from Piper Jaffray & Co., Prospectus Department, 800 Nicollet Mall, Suite 800, Minneapolis, MN 55402, telephone: (612) 303-8290 or by email: prospectus@pjc.com.
A registration statement relating to these securities has been filed with the SEC but has not yet become effective. The registration statement on Form S-1 may be accessed through the Securities and Exchange Commission's website at www.sec.gov.
These securities may not be sold, nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release is for informational purposes only and shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About GameFly
GameFly is the largest online video game rental subscription service in the United States with over 334,000 subscribers as of September 30, 2009. GameFly provides its subscribers access to a comprehensive library of over 7,000 titles covering all major video game and handheld game consoles. GameFly also sells new and used video games through its website, and allows subscribers to purchase used video games they are currently renting through its "Keep" feature. To complement its subscription service and video game sales, GameFly operates a network of advertising-supported websites that provide video game-related content and information. GameFly is headquartered in Los Angeles, California.