Zynga Closes Above Its IPO Price
Maybe it’s the hype around Facebook’s impending IPO, or the opportunity for real-money gaming, but, for whatever reason, Zynga is trading higher than its $10 offering price for one of the first times since December. Today, the social games publisher was up 3.4 percent, or 34 cents, to close at $10.39 a share. Earlier this month, Zynga lost at least 20 percent of its market value, and was having a hard time staying above $8. Fourth-quarter results are due on Valentine’s Day.
