3 posts and columns on secondary offering

News Byte

Zynga’s Shares Will Cost Slightly More in Its Secondary Than IPO

in Commerce on March 28 at 7:01 pm PT

Zynga said tonight that shares in its secondary offering will cost $12 apiece. It is unloading nearly 43 million shares, all coming from existing shareholders. During the social games company’s IPO in December, shares sold for $10 each. The stock closed today at $12.24 a share. The company will not receive any proceeds from the sale. The reason for the offering is to increase the number of shares available, and to assist in the “orderly distribution of shares.”

Voices

Zynga Files for Stock Offering by Shareholders

in News on March 14 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.

Mark Cuban Beats the SEC: Judge Tosses Insider-Trading Case

in Media on July 17, 2009 at 7:53 am PT

A federal judge has dismissed the Securities and Exchange Commission’s insider-trading case against Mark Cuban, the AP reports. Astonishingly, Cuban has yet to say anything about this on his blog or his Twitter account. But I assume that will be rectified shortly.
cuban