Zynga Plans $400M Follow-On Offering

Law360, New York (March 14, 2012, 2:16 PM EDT) -- Social game developer Zynga Inc. on Wednesday announced its plans to offer $400 million in additional common shares, three months after kicking off a $1 billion initial public offering.

Zynga made the offering in an effort to allow some existing investors to trim their stake in the company while floating more stock on public markets, according to a statement and filing with the U.S. Securities and Exchange Commission.

“The principal purposes of the offering are to facilitate an orderly distribution of shares and to increase the...
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