Zynga breaks down share sale

Mar 23, 2012

Dan Primack was a senior editor at Fortune from 2010 to 2016. He was also the author of Term Sheet, Fortune's daily newsletter about deals and dealmakers.

Who is selling what?

Zynga (znga) this morning revealed who would be selling shares as part of a secondary stock offering, via an amended regulatory filing. The offering originally was designed to raise $400 million, but now has expanded to upwards of $687 million.

Here's the breakdown:

  • CEO Mark Pincus: 16.5 million shares, leaving him with around 94 million shares
  • Institutional Venture Partners: 5.8 million shares, leaving it with around 28.5 million shares
  • Union Square Ventures: 5.2 million shares, leaving it with around 25.5 million shares
  • Reid Hoffman: 687,000 shares, leaving him with nearly 3.9 million shares.
  • Own Van Natta: 505,000 shares, leaving him with around 2.18 million shares.

Zynga stock closed trading yesterday at $13.76 per share, compared to a $10 per share IPO price last December. Those not selling any shares in this secondary offering include Kleiner Perkins Caufield & Byers (which also didn't sell any of its 44 million shares at IPO), Foundry Group or Avalon Ventures.

In other Zynga news, the company disclosed that it paid $180 million for Draw Something maker OMGPOP. No mention of the reported $30 million in employee retention bonuses also included in the deal.

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