That was my first thought. But it doesn't necessarily shed doubt on Zynga either. What happened here is not that the IPO failed, it's "only" that the price wen

That was my first thought. But it doesn't necessarily shed doubt on Zynga either. What happened here is not that the IPO failed, it's "only" that the price went down from the initial offer. Predicting a "good" initial price is hard. I think people commenting here aren't taking that into account. Besides, I bet every pre-IPO investor is still making a lot of money on this.