Zynga (ZNGA -4.6%) announces it sold 49.4M shares in its secondary offering (insider sales) at...


Zynga (ZNGA -4.6%) announces it sold 49.4M shares in its secondary offering (insider sales) at $12/share. That's 6.4M shares more than what Zynga officially priced last week, the result of underwriters exercising options to purchase additional shares. All those extra shares may have contributed to today's selloff in Zynga, which closed at $12.29.

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Comments (3)
  • 27mar38
    , contributor
    Comments (42) | Send Message
     
    This and Groupon has a slight feeling of stocks
    like WebVan etc.
    Anyone else notice?
    3 Apr 2012, 05:38 PM Reply Like
  • Mbrillo1
    , contributor
    Comments (400) | Send Message
     
    The greed that has taken place in Zynga is an epic Wall St. story.
    Pincus alone took out approx $220 million, selling 1% (that's one percent) of his holdings. Insiders couldn't wait to bail and we suckers jumped all over the stock. My belief is the stock will inevitably trend higher. Without me.
    When Facebook arrives, the Social Network stocks will take on new meanings. What that meaning is, is anyone's guess.
    3 Apr 2012, 06:30 PM Reply Like
  • CrazyQ
    , contributor
    Comment (1) | Send Message
     
    Znga not very thoughtful (as if they care?) to their investors by offering secondary stock to insiders at a lower price, forcing the public price down. therefore many lost $$. Thumbs down on znga.
    4 Apr 2012, 05:33 AM Reply Like
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