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Zynga Outperforms Following 43 Million Share Secondary (ZNGA)
[March 29, 2012]

Zynga Outperforms Following 43 Million Share Secondary (ZNGA)

Mar 29, 2012 (SmarTrend(R) News Watch via COMTEX) -- 3/29/12-Zynga (NASDAQ:ZNGA) is outperforming the broader market following its secondary offering that priced 43 million shares at $12. Shares are currently trading at $12.26.

Morgan Stanley and Goldman Sachs were joint bookrunning managers for the offering.

The principal purposes of the offering are to facilitate an orderly distribution of shares and to increase the company's public float. Zynga will not receive any proceeds from the sale of shares in this offering.

Sterne Agee recently issued a note that suggested new signups hadn't risen despite the rollout of new games, staying flat in the first quarter.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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