Zynga (ZNGA) Prices 42.97M Common Secondary Offering at 2% Discount
Tweet
Share
E-mailGet Alerts ZNGA Hot Sheet
Join SI Premium – FREE
Zynga Inc. (Nasdaq: ZNGA) has priced 42,969,153 shares of its Class A common stock at $12.00 per share in a secondary offering.
The price is a 2 percent discount to yesterday's closing of $12.24 per share.
All of the shares will be sold by existing stockholders. In addition, the underwriters have a 30-day option to purchase up to an additional 6,445,373 shares of Class A common stock from certain of the selling stockholders. As part of the offering, all selling stockholders, as well as all officers and directors, have agreed to lock-up agreements that extend the transfer restrictions on their shares until at least 90 days following the offering.
The price is a 2 percent discount to yesterday's closing of $12.24 per share.
All of the shares will be sold by existing stockholders. In addition, the underwriters have a 30-day option to purchase up to an additional 6,445,373 shares of Class A common stock from certain of the selling stockholders. As part of the offering, all selling stockholders, as well as all officers and directors, have agreed to lock-up agreements that extend the transfer restrictions on their shares until at least 90 days following the offering.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Nucor (NUE) files mixed shelf
- Synaptics CFO resigns amid pending ON Semiconductor merger
- Westlake Corp adds dual listing on NYSE Texas exchange
Create E-mail Alert Related Categories
Corporate News, Equity OfferingsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
