Top 10 Market Factors before the stock market opens today:
- Zynga priced 100 million shares at $10 each in IPO which means the company is raising $1 billion in its IPO. Last week it had set a price range of $8.50 – $10.00 per share. Zynga will start trading on the NASDAQ under the symbol ZNGA. With Zynga relying on Facebook for 95% of its $1B annual revenue, the IPO provides an opportunity to invest in the latter’s growth and a tea-leaf reading ...
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Zynga, Inc. – (NASDAQ: ZNGA) will IPO Friday with intentions of raising $1 billion. Price range for ZNGA is set to debut in the $8.50 – $10 range. Analysts and investors had expected Zynga to raise the price or boost the number of shares it was selling, since demand had seemed strong in ...