Interested in learning what's next for the gaming industry? Join gaming executives to discuss emerging parts of the industry this October at GamesBeat Summit Next. Learn more.
The new offering is designed to let Zynga investors sell stock while getting large shareholders to agree to a longer lock-up period that stops them from dumping shares. Typically, employees and other shareholders are allowed to sell their stock about six months after an IPO. That reassures investors that employees won’t dump their stock as soon as they are able.
LinkedIn, by contrast, saw its stock drop after its lock-up expired in November. Zynga spokeswoman Dani Dudeck declined to comment. If investors agree to a longer lock-up, then Zynga can avoid everyone selling shares all at once, sometime around June.
GamesBeat's creed when covering the game industry is "where passion meets business." What does this mean? We want to tell you how the news matters to you -- not just as a decision-maker at a game studio, but also as a fan of games. Whether you read our articles, listen to our podcasts, or watch our videos, GamesBeat will help you learn about the industry and enjoy engaging with it. Learn more about membership.