Motricity got off to a sluggish start during its June 17 stock-market debut. Shares for the Bellevue-based company closed at 7.4 percent on its initial day of trading.

The firm raised $50 million, selling 5 million shares at $10 apiece – one fifth of what it expected when it first went public in January.

Motricity, which specializes in software and services for wireless internet users, thought in January that it would raise up to $250 million, but the company lowered that figure to $101 million in June, and again to $61.6 million on its first day of trading.

The company provides mobile data services to around 35 million people globally. It lost $16.3 million on $113.7 million in sales last year, and $1.5 million on $29.1 million in sales during the first quarter of 2010.