Zynga goes public at $11 per share

Zynga stocks began their foray into public trading this morning, at even more than the projected $10, but rather at $11. I had to kind of roll my eyes at that. Sounds like someone decided they wanted just a teensy-bit bigger of a pie piece. Granted, it hasn't been live that long so it's too soon to tell what will happen with the stock, but it looks like traders are hinging on that $10 price per share mark. Just since I've woken up today, the stock has fluctuated between $10.50 and $9.70. It'll be interesting to see how it closes today. I used to be a bit of a penny trader, so I'm interested...slightly. You can check the stock price real time HERE. Most players probably don't even care or aren't even aware of this, but I still wonder what this means for the company and ultimately the game we all love to hate.

Zynga's IPO: would you buy?

Zynga plans to go public tomorrow at about 10 dollars a share, the upper end of its amended planned price range. Would you buy any stocks? I sure wouldn't but then again, I'm poor, lol. As things stand, Zynga should rename itself "BubbleVille", because all the games are bubbles waiting to burst. Mafia Wars is one of its few games that doesn't fit the cookie cutter mold of all their other games, of which we either have no interest or lose interest in very quickly.

Check out Google for news about Zynga's IPO. I have to wonder what changes will come now that shareholders will have some semblance of an actual say in part of the company.

Zynga tests IPO waters with $7 billion target

Original CNN Article HERE, thanks Brock for pointing this out.

Excerpt:

Zynga, the creator of the -Ville social gaming franchise, filed in July for its IPO, but updated paperwork on Friday indicated that its offering is imminent. Zynga is looking to price its shares between $8.50 and $10 each. Pricing at the top of that range would give Zynga a valuation of around $7 billion.

But here's a sign of the chill hitting tech stocks: Even $10 a share is significantly below the $17.20 per share valuation Zynga used for a recent round of stock grants. As of August 2011, Zynga's outside consultants estimated the company's worth at $14 billion.

Check out the full article for more info.