Tag Archives: IPO

CCP Games earned $66 million in revenue last year, the firm has said, and as a result – compounded with its plans for Dust 514 – the firm is considering an initial public offering.

More »

Business Insider reports investors are proving leery of Zynga stock, following the social publisher’s initial public offering last Friday. On the morning of its second day of trading, the stock had dropped 4% from its IPO price to $9.10, and closed at $9.05, almost 10% down. Bloomberg‘s Paul Kedrosky cited both poor market conditions and Zynga’s weak fundamentals for a prediction that the stock will drop to around $6 within the coming 12 months. Zynga’s IPO raised $1 billion, giving it the largest tech IPO since Google’s in 2004, but its first day of trading saw massive fluctuations.

The trepidation of stock analysts about Zynga’s future (many had said it wasn’t worth the asking price) was proven wrong early this morning as Zynga’s first day on the market started well, climbing 10% to $11 per share. Then it was proven right as the stock tumbled, then it surged again. So where do they stand?

As of late afternoon on the New York Stock Exchange, Zynga’s stock has regulated to about the same place it started, around $10/share. The day has no doubt been an emotional rollercoaster ride for Zynga who started the day as the year’s most successful Initial Public Offering, but several times looked like it might become the year’s biggest tragedy. Their IPO produced about $1 billion, which is the largest of any company this year, and the largest tech IPO since Google in 2004.

Via the Wall Street Journal.

Zynga will go ahead with its IPO and begin trading shares before Thanksgiving, according to Reuters. The report claims, via two anonymous sources, the company will take part in the typical two-week roadshow of presenting its offering to investors before the holiday on November 24. Zynga originally announced a $1 billion IPO back in July.

One day your entire life will be part of some elaborate Zynga-fueled social game. The casual game developer announced today it was seeking a hefty $1 billion in its initial public offering.
More »

A source familiar with Zynga’s operation told the Reuters news service that Zynga will be filing for an initial public offering on Thusday.
More »