Some of Our Sources
- Slashdot
- Technology Review
- Web Designer Wall
- Team Treehouse
- Pearsonified
- Inspiredology
- Web Design Ledger
- Spyre Studios
- Hashedout
- TechPowerUp
Help Webnuz
Referal links:
December 16, 2011 03:01 am GMT
Zynga priced its IPO at $10 a share, according to Bloomberg and CNBC (bankers love to leak). The IPO, which is set for tomorrow, will be in the upper end of the $8.50 to $10 price range the company indicated previously in SEC filings. Zynga will sell at least 100 million shares, raising $1 billion at a $7 billion valuation. The valuation is about half of where early reports were speculating it would be, but Zynga lowered the price in the face of the tepid performance of other tech IPOs lately and general economic concerns weighing down the stock market. Even with the lower price, Zynga is poised to open trading with a bigger market cap bigger than LinkedIn, which currently is at $6.4 billion.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/caydnXGs5hU/
Zynga IPO Prices At $10, The Upper End Of Its Range, But Under The Last Private Round
Zynga priced its IPO at $10 a share, according to Bloomberg and CNBC (bankers love to leak). The IPO, which is set for tomorrow, will be in the upper end of the $8.50 to $10 price range the company indicated previously in SEC filings. Zynga will sell at least 100 million shares, raising $1 billion at a $7 billion valuation. The valuation is about half of where early reports were speculating it would be, but Zynga lowered the price in the face of the tepid performance of other tech IPOs lately and general economic concerns weighing down the stock market. Even with the lower price, Zynga is poised to open trading with a bigger market cap bigger than LinkedIn, which currently is at $6.4 billion.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/caydnXGs5hU/
Share this article:
Tweet
View Full Article
Techcrunch
TechCrunch is a leading technology blog, dedicated to obsessively profiling startups, reviewing new Internet products, and breaking tech news.More About this Source Visit Techcrunch