Zynga Files for Stock Offering by Shareholders

March 14, 2012 at 10:40 am PT

Zynga Inc. filed plans for a secondary stock offering by certain shareholders as the social-gaming company looks to increase its public float. Zynga won’t receive any proceeds from the offering.

A person familiar with the matter had said that Zynga investors planned to sell stock in the near future, just three months after the company’s December initial public offering, breaking a 165-day lockup early in an attempt to reduce future volatility of the stock price.

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Tagged with: lockup, Randall Smith, secondary offering, shareholders, stock, The Wall Street Journal, Zynga

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