THE PRICE: Zynga CEO Mark Pincus and other insiders will sell some of their stake at $12 a share, slightly below Wednesday's closing price.
ABOUT THE OFFERING: Zynga earlier announced that the insiders planned to sell 43 million shares of stock, just three months after its initial public offering of stock. It's being done so shareholders won't flood the market all at once later and drive down stock prices.
STILL IN CHARGE: Pincus, who founded Zynga Inc. in 2007, will control about 35 percent of the company once the offering is complete. That's down only slightly from 36.5 percent.
Source & Image : Yahoo
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