Zynga Goes Public

There was nothing virtual about the market’s reception to Zynga’s newly minted shares. They landed with a real thud. After months of anticipation, the social-gaming pioneer famous for its online virtual worlds like FarmVille offered its stock (ticker: ZNGA) to the public Friday for $10 a share. The shares closed at a disappointing $9.50 that afternoon. The IPO gives the San Francisco firm a market cap of about $9 billion, which includes unexercised options and warrants, much less than the $20 billion discussed earlier this year.

Zynga has studios in Austin and Dallas.

via Zynga Goes Public – Barrons.com.