Zynga's Initial Public Offering Begins At $10 A Share

Zynga priced its shares at $10, the higher end of the $8.50 to $10 range originally proposed two weeks ago.

Zynga priced its shares at $10, the higher end of the $8.50 to $10 range it originally proposed two weeks ago.

The company began trading on Nasdaq this morning, with an offering of 100 million shares, and is holding 15 million shares on retainer from certain stockholders in case there is extra demand.

The opening price puts the company at a valuation of around $7 billion based on the total number of shares outstanding.

The company, which was founded just four years ago, has ramped up to more than $1 billion in revenue a year primarily off virtual goods on the Facebook platform.

AW+

WORK SMARTER - LEARN, GROW AND BE INSPIRED.

Spring Special

Save 30% Off an ADWEEK Subscription Today!

View Your Options

Already a member? Sign in