It didn't buzz.
Sorry gaming investors. Zynga (NASDAQ: ZNGA), the latest billion-dollar IPO launched at $10 and gradually just faded away. (It is beginning this week on the big fade as well). Happy holidays, gaming investors.
One site headlined: "Zynga Stock Falls 5% as Retail Investors Get Sandbagged." Yeah, sandbagged is the polite term.
Why is this happening to IPO's? It is simple, really. Companies such as Zynga (and Facebook) take advantage of “D round” financing. Their prices have already been bid up and maxed out by investors during this very late round of private equity financing. Sorry noobie gaming
