Investments
Dec. 19, 2011
Zynga launches IPO but its stock languishes
Zynga's languishing stock price on Friday could discourage other companies from going public unless they see an improvement in the coming months.
Daily Journal Staff Writer
PALO ALTO - Zynga's languishing stock price on Friday could discourage other companies from going public unless they see an improvement in the coming months, lawyers say.
The San Francisco-based social network game developer's initial public offering raised $1 billion and was advised by Cooley LLP.
Zynga now claims the title as the largest IPO since Google's $1.7 billion offer...
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