A happy halo effect for Zynga
With big expectations for Facebook IPO filing, Zynga’s own stock has soared since the IPO paperwork was filed. In fact, since the Facebook IPO filing Zynga’s market cap has climbed over $1 billion thanks to the increase in stock prices for Zynga. Apparently, Zynga stock was trading at the close of market early this week for $10.96 per share, which is a bit higher than the $10 per share price in December when the company made its IPO. Yesterday, Zynga stock opened at $11.05 and the price went up to $12.81 per share at its peak.