Zynga IPO raises 1 billion dollars for the casual game makers

Popular Facebook game developer, Zynga, had their IPO begin trading publicly today at $11/share. Most noted for FarmVille, Mafia Wars, Zynga Poker, and other games inside of Facebook, investors are wondering if Zynga is another tech bubble like Groupon - hyped beyond its value.

On the NASDAQ as ZNGA, shares are bouncing between $9 and $11 as the company tries to find its value. In a press release yesterday afternoon, Zynga Inc. announced the “pricing of its initial public offering of 100,000,000 shares of Class A common stock at a price to the public of $10.00 per share.”

Categories : Business
Posted by Jason Hamilton | December 16, 2011  |  No Comment

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