Zynga Planning Secondary Offering To Prevent Share Dumping

Zynga went public last year with a $1 billion IPO that set the social games developer up for a year of rising profits and increased customer base. It seems its shareholders have other plans. Bloomberg heard from two separate sources that Zynga will be holding a secondary offering of shares to the shareholders. This would extend the "lock-up" period where shareholders wouldn't be able to sell. This news comes on the heels of Zynga's stock being downgraded by J.P.

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