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Interesting to note that it was pretty well reported[0][1][2] that the bulk of this second Zynga offering would be for management and PE firms to get liquidity.
by Judson 14y ago
Interesting to note that it was pretty well reported[0][1][2] that the bulk of this second Zynga offering would be for management and PE firms to get liquidity. This, though, is the money quote from the Reuters article that could have been a red flag (Though I'm honestly not sure how often it happens):
"Zynga waived a lock-up arrangement to facilitate the offering. Investors are typically expected to wait about six months after an initial public offering to sell their shares."
[0]:http://www.cnbc.com/id/46833267/Zynga_Shareholders_Selling_43_Million_Shares http://www.cnbc.com/id/46833267/Zynga_Shareholders_Selling_4...
[1]:http://blogs.wsj.com/deals/2012/03/14/zynga-shareholders-to-sell-up-to-400m-in-shares/ http://blogs.wsj.com/deals/2012/03/14/zynga-shareholders-to-...
[2]:http://www.reuters.com/article/2012/03/23/net-us-zynga-idUSBRE82K1BX20120323 http://www.reuters.com/article/2012/03/23/net-us-zynga-idUSB...