o*******w
发帖数: 2310 | 1 If you’re wondering whether shares of Zynga (ZNGA -6.39%) might be ready
for a bounce after their monthlong slide, a clue can be found in the recent
trades of company insiders.
With its recently completed secondary offering, Zynga found an innovative
way to allow its top executives, early investors and other insiders to sell
off their stakes -- despite IPO restrictions designed to prevent it.
As they sell, common shareholders unwise enough to have bought IPO shares in
the company have watched their investments fall through the floor.
Since Zynga filed the registration statement for its secondary offering on
March 14, the stock has shed more than 25% of its value. It’s now sitting
at around $9, roughly 10% below its IPO price of $10 a share.
Between the registration date of the offering and the day it closed on April
3, Zynga’s IPO bankers, led by Goldman Sachs and Morgan Stanley, agreed to
modify the lockup restrictions that previously had prevented the social-
game maker’s insiders from selling their shares.
And sell they did.
By the time the cash register closed, Zynga chief executive Mark Pincus and
other insiders unloaded more than 49 million shares at a price of $12 a
share. The offering, which included more than 6 million shares bought by the
company’s IPO underwriters, generated $593 million for the sellers, while
providing nothing to Zynga or its common shareholders.
As the company said in its April 3 statement, “Zynga did not receive any
proceeds from the sale of shares in the offering.”
While that statement also said a reason for the offering was “an orderly
distribution of shares,” I’m not sure common shareholders would use that
phrase to describe a near-30% drop in Zynga’s stock price since it was
announced.
Zynga will report quarterly results on April 26. | c*******9
发帖数: 6411 | 2 the insider selling at 11.5 to institute owners, i bet they will not sell
even one share right now.
this stock will hit $20 some time this year. | o*******w
发帖数: 2310 | 3 they are buying below the IPO,
40 will be hit, hehe
【在 c*******9 的大作中提到】
: the insider selling at 11.5 to institute owners, i bet they will not sell
: even one share right now.
: this stock will hit $20 some time this year.
| w******t
发帖数: 1929 | 4 这个样子做搞不好什么时候ZNGA就会被人告了， 呵呵
recent
sell
in
【在 o*******w 的大作中提到】
: If you’re wondering whether shares of Zynga (ZNGA -6.39%) might be ready
: for a bounce after their monthlong slide, a clue can be found in the recent
: trades of company insiders.
: With its recently completed secondary offering, Zynga found an innovative
: way to allow its top executives, early investors and other insiders to sell
: off their stakes -- despite IPO restrictions designed to prevent it.
: As they sell, common shareholders unwise enough to have bought IPO shares in
: the company have watched their investments fall through the floor.
: Since Zynga filed the registration statement for its secondary offering on
: March 14, the stock has shed more than 25% of its value. It’s now sitting
| a*********e
发帖数: 697 | 5 这帮人怎么也这么等不及呢？就不能多等几个月,一定要钻空子，提前卖？ZNGA的
secondary offering是不是IPO后最短时间内发行二次股票的纪录呢？
recent
sell
in
【在 o*******w 的大作中提到】
: If you’re wondering whether shares of Zynga (ZNGA -6.39%) might be ready
: for a bounce after their monthlong slide, a clue can be found in the recent
: trades of company insiders.
: With its recently completed secondary offering, Zynga found an innovative
: way to allow its top executives, early investors and other insiders to sell
: off their stakes -- despite IPO restrictions designed to prevent it.
: As they sell, common shareholders unwise enough to have bought IPO shares in
: the company have watched their investments fall through the floor.
: Since Zynga filed the registration statement for its secondary offering on
: March 14, the stock has shed more than 25% of its value. It’s now sitting
|
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