Saturday December 17, 2011

Zynga Stock Settles at $9.50 for First Trading Day

On the first day of Zynga’s IPO, which is normally the day the stock dramatically rises making all of the owners instant gazillionaires, Zynga had no Zing. In fact, not only did the stock not take off, it actually lost 5% of its value over the trading day. Is this the first sign of the tech bubble losing its love affair with investors?

What happened? Usually tech-based stock IPOs are greeted, at least on the first day, with a lot of interest by investors.

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