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Report: Zynga plans to offer additional stock to achieve market stablity

Report: Zynga plans to offer additional stock to achieve market stablity

March 13, 2012 | By Tom Curtis

March 13, 2012 | By Tom Curtis
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More: Social/Online, Business/Marketing



Newsbrief: Following its initial public offering in December, social gaming company Zynga plans to offer even more shares in an effort to achieve long-term stability on the market, reports Bloomberg.

By offering additional shares, Zynga hopes to allow its investors to sell some of their stock, while convincing large shareholders to agree to a longer "lock-up" period that prevents them from getting rid of their stock as soon as possible.

Bloomberg notes that this could help the company prevent its stock from dropping off after its lock-up period ends. Business networking company LinkedIn experienced that very fate last November, as shareholders dumped their stock shortly after the six-month lock-up period expired.

Gamasutra has contacted Zynga for comment, but has not heard back as of this writing.


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