As reported previously, social gaming giant Zynga is holding a secondary offering of its shares. The company just announced the pricing, which is $12 per share, for 42,969,153 shares. All of the shares will be sold by existing stockholders, says the company, and Zynga will not receive any proceeds from the sale of shares. Zynga revealed in an S-1 filing from last week that CEO Mark Pincus will sell 15 percent of his shares, and his voting power post-sale will go from 36.5 percent to 35.9 percent. Investors IVP, SilverLake, Union Square Ventures, Google, Reid Hoffman are also selling in the offering, as is board member Jeffrey Katzenberg. Owen Van Natta, General Counsel Reggis Davis, COO John Schappert and CFO Dave Wehner are selling shares as well.
Wednesday, March 28, 2012
Zynga Prices $515M Secondary Offering At $12 Per Share
As reported previously, social gaming giant Zynga is holding a secondary offering of its shares. The company just announced the pricing, which is $12 per share, for 42,969,153 shares. All of the shares will be sold by existing stockholders, says the company, and Zynga will not receive any proceeds from the sale of shares. Zynga revealed in an S-1 filing from last week that CEO Mark Pincus will sell 15 percent of his shares, and his voting power post-sale will go from 36.5 percent to 35.9 percent. Investors IVP, SilverLake, Union Square Ventures, Google, Reid Hoffman are also selling in the offering, as is board member Jeffrey Katzenberg. Owen Van Natta, General Counsel Reggis Davis, COO John Schappert and CFO Dave Wehner are selling shares as well.
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