The gaming company Zynga is going public tomorrow on the NASDAQ, after pricing its initial public offering tonight on top of its initially announced range of $8.50 to $10 per share.
The $10 price means Zynga will have a valuation of roughly $7 billion.
Zynga is the operator of many games including Farmville, Cityville, CastleVille has been and a buyer of domains
It will be interesting to see how the stock does tomorrow.
“To pass the time, help yourself to some more stock…”
will be a success thanks to FB
The thing that makes me wondering is Zynga websites traffic data. The website after reaching highest point back in late 2009 has lost its position dramatically. Haven’t done research on their income but I think that this ship is going down or at least doesn’t have future potential unless they decide to create games for different platforms and move away from Facebook.
Hello Michael,
Software and cloud computing shine in the market place, should be exciting for us!
Gratefully, Jeff Schneider (Contact Group) (metal Tiger)
$7.7B
Looks like the stock is getting pounded $9.33.
Looks like they have tm applications for VILLE and a 2 year old application for TOWNVILLE and several others
Hi,
Stagnated old apps along with almost no growth in users ~ highly respected analyst on Bloomberg TV last night, said it would be in the “Six’s” in 6 – 12 months.
Peace!
‘D’
Congrats to all the folks at Zynga for a successful IPO. Some analysts were ‘alarmed’ that the stock didn’t skyrocket on the opening day of trading….however, it seems to me like it’s due to more accurately pegging the initial IPO price, vs underpricing it in other recent IPOs (like LNKD, for example). Closed around $9.50 today.