Friday, 9 December 2011

Zynga Says IPO Price Range Affected by Other Recent Offerings

Dec. 9 (Bloomberg) -- Zynga Inc. said the valuation it’s seeking in an initial public offering is 50 percent less than an August fair value estimate after it took into account recent IPOs that have underperformed. The price range of $8.50 to $10 a share is based on “a review of the offering ...


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