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Zynga prices IPO at $10, begins trading today

by Alexander Sliwinski on Dec 16th 2011 9:30AM

Step right up, step right up! Waiting for that next patch of corn to grow in Farmville? Just hanging around for your friend to make his next move in Mafia Wars? Then you need to make the most of your time, my friend, with the most splendiferous stock offering this year: ZYNGA!

Or, "ZNGA," as it will be known today on the Nasdaq Stock Market, trading for the low-low (but on the higher end of expected) price of $10. Yes, $10! And because Zynga is feeling so generous about its stock price, you won't even have to wait 10 minutes or pay any extra credits to purchasing more than one at a time.

Forget all those negative feelings you may have heard about the company. Ignore the claims of a "sketchy" business model. Today's the day to get in on the ground floor and ride that bubble into the sun!

Source: Zynga

Tags: android, farmville, mac, mobile, pc, Zynga

Reader Comments (20)

Yeah no thanks.

To quote my favorite Joystiq line of all time..."I'd rather eat a rain soaked box of poison buttholes."

Im rich b!@&h!

@JUVE1986

You won't be if you invest in this company..

Ride the Social Gaming Bubble! Play Hot Potato with your stocks, and make sure you've sold by the time it pops!

Buy it for less than $15, sell it when it gets close to $30, profit.

Then watch as it plummets to less than $5 a share.

I expect Richard Garriott to show up at the stock exchange wearing a cheerleader shirt with the Zynga logo, proclaiming how Zynga's going to destroy all MMO's, and bring down console gaming. And, that he's looking for investors to support him to develop UO2.

Wow. I mean, it's like they're *willfully* ignoring every internet company that had an IPO between 1996 and 2001.

@John Z The reason all those companies failed is because they weren't making any money and they didn't actually have any real business model.

Whether you like it or not Zynga has both.

I don't know who in their right mind would buy into this stock. And anyone that does is clearly in it for short term gain. I honestly don't see Zynga being around as the "powerhouse" they are much longer

I think if I had a time machine, my first stop would be to 1995 and buy all the Apple stock I could afford.

Then, ancient Egypt.

@benheckendorn

All that cash will be very useful in ancient Egypt... wait... maybe reverse that order of travel, no?

@benheckendorn Hopefully in a hazmat suit or you would decimate the population with illnesses. Don't forget your sports almanac! Anyway I would rather enslave the world and install my self as king.

@benheckendorn forget 1995, even in 2004 it was between $10-20 a share.

I used to invest in IPOs like you. Then I took an arrow to the wallet.

At $10 a share and 100 million shares put up, Zynga values itself more than Electronic Arts? Or about half of Nintendo's value?

I don't think so. Unless they plan on making a few acquisitions I don't see why a single company in a single segment of the videogame market would value itself so high unless they're planning on burning through some cash quickly.

"Zynga games are social", the image proclaims.

Judging from that same image, they're also intended only for white people.

@(Unverified)

There is a black sheep aaaaaaaaaaaaaall the way in the back.

See? They care.

The pigeon is so ready to take a shit on that sign.

Can we use farm cash to buy stocks? I might have some Facebook Credits also.

If you thought $10 a share was a good buy... you'll be pleased to know its down about 5% on the day, and moving lower. Labeled "the most dissapointing tech IPO of 2011."

Looks like a fantastic investment. /sarcasm

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Zynga prices IPO at $10, begins trading today

Reader Comments (20)

Posted: Dec 16th 2011 9:33AM Ron Burgundy said

Posted: Dec 16th 2011 9:41AM JUVE1986 said

Posted: Dec 16th 2011 11:01AM Shockwave said

Posted: Dec 16th 2011 9:42AM Third said

Posted: Dec 16th 2011 10:32AM Mal F4cti0n said

Posted: Dec 16th 2011 10:41AM ShockLobster said

Posted: Dec 16th 2011 10:42AM John Z said

Posted: Dec 16th 2011 12:31PM Faceless Troll said

Posted: Dec 16th 2011 11:04AM Chris DPSN AggieCEO XBLThe Aggi said

Posted: Dec 16th 2011 11:31AM benheckendorn said

Posted: Dec 16th 2011 11:49AM Uncle Jesse said

Posted: Dec 16th 2011 12:41PM Metalfacedoom said

Posted: Dec 16th 2011 1:10PM pmiddy said

Posted: Dec 16th 2011 11:39AM Faceless Troll said

Posted: Dec 16th 2011 12:29PM Jon Angelo said

Posted: Dec 16th 2011 2:10PM (Unverified) said

Posted: Dec 16th 2011 2:19PM CaptainProtonX said

Posted: Dec 16th 2011 2:19PM CaptainProtonX said

Posted: Dec 16th 2011 2:32PM ironneko said

Posted: Dec 16th 2011 3:00PM SurlyDuff said

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