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Sunday Comics: Dead Island Barely three months after the company’s initial public offering are several Zynga insiders looking to get rich by selling off a hunk of their stock. That includes founder Mark Pincus, who will offer a wad of shares valued at more than $US200 million.
Going by initial reactions, Zynga’s stock market debut wasn’t exactly a breakout affair. But then, unless you’re a day trader, the stock market has never really been about the day-to-day ups and down, but rather steady growth. At least, this is how Zynga’s COO John Schappert feels about the IPO.
Done with that Zynga story? Thought that was all the economics you were getting today? Nope. While he’s not recommending investor action, writer Paul Manwaring did some number crunching and conservatively valued Team Fortress 2‘s unique items economy at, oh, about $US50 million.
Hey, did you hear the one about Zynga’s IPO? Initial investors had to invite 10 friends or wait 10 minutes to buy additional shares. OK, that was lame. No, the real joke was Zynga’s share price at the end of it all: $US9.50, after going off at $US10 on the NASDAQ.
As rumoured two days ago, it is now confirmed that Zynga will hold an initial public offering of its stock on the NASDAQ tomorrow.
Those trying to deduce just how much they can pay for a piece of FarmVille giant Zynga will only have a little while longer to wait.
Goldman Sachs’ analysts punked Microsoft’s stock rating and archly suggested that the company spin off the Xbox 360 division, saying such a sale could unlock hidden value within the unit and free it from the company’s more sluggish performance.
