As you may know, Zynga launched its IPO - the biggest tech IPO since Google’s. The company is now trading on the NASDAQ Global Select Market under the symbol ZNGA.
“CEO Mark Pincus rang the opening bell, along with his wife Alison Pincus, board member Bing Gordon, and the Zynga management team,” a Zynga spokesperson tells WebProNews.
That team includes: Jeff Karp (CMO and Chief Revenue Officer); David Ko (Chief Mobile Officer), Reggie Davis (General Counsel), Cadir Lee (CTO), Dave Wehner (CFO), John Schappert (COO), Mike Verdu (Chief Creative Officer), Colleen McCreary (Chief People Officer) and Steve Chiang (Executive Vice President, Games).
The event began at 5:00am PT at the company’s headquarters in San Francisco, though all Zynga offices and remote studios tuned in via livestream.
The offering launched with 100,000,000 shares of class A common stock at $10.00 per share. Stockholders granted the underwriters a 30-day option to purchase up to an additional 15,000,000 shares to cover over-allotments, if any. The company won’t receive any proceeds from the sale of shares by the selling stockholders, it says.
“Today’s a proud day here at Zynga. It’s a time to reflect on our mission to connect the world through games and bring play to everyone, everywhere. With reflection in mind, we dug deep to find a few amazing stats that power our games. From 1 dog to every 9 employees to more than 4 billion neighbor connections. Check out the infographic below to see what powers ‘play’ at Zynga,” the company said.