Wednesday March 14, 2012

Zynga Files For $400M Secondary Offering

Don't you normally have to wait six month before you can do something like this?

Zynga Inc filed with regulators for a secondary stock offering of up to $400 million on Wednesday. Shares of the online games maker, which have risen 33 percent since the company went public, rose marginally in premarket trading on Wednesday. They closed at $13.38 on Tuesday on Nasdaq.