Take-Two to acquire mobile gaming giant Zynga for $12.7B

techcrunch.com

6 points·kgwgk··4 comments

It will be acquired below the IPO price (per share) from more than 10 years ago.

https://www.theguardian.com/technology/2011/dec/16/zynga-ipo...

"Zynga IPO fails to generate stock market 'pop' on disappointing debut

"Shares lose momentum after initial surge, as games firm behind Words with Friends goes public on Nasdaq stock exchange

"Fri 16 Dec 2011 17.17 GMT

"After months of hype and speculation, Zynga, the 4-year-old games company behind FarmVille and Words with Friends, has had a disappointing debut on the Nasdaq stock exchange.

"Many tech firms enjoy spectacular first-day "pops", with stratospheric rises in their share price in the early hours of trading. Zynga's shares, priced at $10, rose 11% initially, before closing out the day at $9.45. Wall Street, it seems, isn't playing Zynga's game. At least not yet."

Whoever made the IPO price suggestion in inv. bank must have been promoted really well and made a great bank then. I mean dumping to retail on IPO is the way for them, just a rare old example. New ones are much much better for them, see, UBER, ABNB, COIN, PINS so on.

I may be missing your point but two of those are trading below the IPO/reference price and two above it. You could also have included Wish, RobinHood, Didi and so on...

Wish is down hard, from $24 at IPO to $2.76 now. What a bad deal.

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