IPO Report

GLU MOBILE INC. (NASDAQ GLUU)

Last Trade:	12.29
Trade Time:	4:00PM ET
Change:	0.79 (6.87%)

Glu Mobile Inc., a publisher of games for cell phones, traded higher in it's NASDAQ IPO debut on Thursday.

GLUU opened at $11.50 a share and finished the day up almost 7 percent at $12.29.

GLUU's IPO was oversubscribed, and sold 7.3 million shares at $11.50, the high end of its estimated price range of $10 to $12 set by underwriters.

Houston-based Cheniere Energy Partners LP was well received in it's market debut Wednesday, closing above its initial public offering price after strong demand boosted the number of units sold. Its units closed at $21.71 per unit on the American Stock Exchange, up from their IPO price of $21.

Strong institutional and retail demand led to the sale of 13.5 million units, a partnership's equivalent of shares, compared with the 12.5 million units originally offered. The units were priced at the high end of the company's expected price range of $19 to $21, which was set by underwriters.

Cheniere Energy Partners, which is building a natural-gas terminal, is the third energy-related company to launch a limited-partnership or limited-liability deal this year. Unlike an ordinary corporation, energy limited partnerships pay out their available cash in the form of dividends; Cheniere Energy Partners plans an annual payout of $1.70 a unit, representing an 8 percent dividend yield based on its IPO price.

Cheniere Energy Partners Initial Public Offering (IPO) is scheduled to begin trading on Tuesday March 20.

Cheniere Energy Partners has been authorized to list its common units on the American Stock Exchange under the symbol "CQP".

Cheniere Energy Partners, L.P. is a limited partnership recently formed by Cheniere Energy, Inc. Through a wholly-owned subsidiary, Cheniere Energy Partners will develop, own and operate the Sabine Pass LNG receiving terminal currently under construction in western Cameron Parish, Louisiana on the Sabine Pass Channel. 

Private equity firm Blackstone Group is deep into preparations for an initial public offering, according to a report, a move that would counter the negative view of public markets held by its CEO.

Blackstone is working with investment bank Goldman Sachs Group Inc. on an IPO prospectus for all of the firm that could be filed in the next couple of weeks, business news TV channel CNBC said on Friday. The report added that the ultimate decision has not been made yet.

Blackstone and Goldman Sachs declined to comment on the report.

"It's major news in that not long ago (CEO Stephen Schwarzman) maligned the idea as a non-starter," said Scott Sweet, managing director for IPO research firm IPOboutique.com.

Bankers and private equity investors have long expected Blackstone and other large buyout firms with multiple funds to spin off some divisions to diversify. Carlyle Group is launching a public, debt-related fund in Europe, a source close to the firm has said.