ZNGA Falls on Bloomberg Report of Follow-On Offering
Posted on March 13, 2012 at 15:20 PM EDT
Shares of online games purveyor Zynga (ZNGA) are down 34 cents, or 2.5%, at $13.42, apparently in response to an article this afternoon by Bloomberg‘ s Jon Erlichman and Douglas MacMillan stating the company will do a follow-on offering of shares to the public, citing anonymous sources. The shares apparently would come from individual shareholders, [...]
Shares of online games purveyor Zynga (ZNGA) are down 34 cents, or 2.5%, at $13.42, apparently in response to an article this afternoon by Bloomberg‘ s Jon Erlichman and Douglas MacMillan stating the company will do a follow-on offering of shares to the public, citing anonymous sources.
The shares apparently would come from individual shareholders, not from issuance of new shares, the authors write.
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