Zynga's shares are now trading under $8.80, which means CEO Mark Pincus' share of the company is now worth less than $1 billion.
Pincus owns around 111 million shares of the company. When it went public, Pincus' share was worth $1.06 billion. It's now worth $979 million.
The next largest investor is Bing Gordon, who along with Kleiner Perkins Caufield & Byers owns 65 million shares.
Mark Pincus, the founder of Zynga, is stepping back from the once-hot social gaming company as its new leader seeks a turnaround.Zynga said that Mr. Pincus decided to give up all operational responsibilities at the company, though he will remain its chairman and largest shareholder. Nearly a year ago, Mr.
Newly minted billionaire Nicholas Woodman has generously shared GoPro's success with his whole family. With GoPro's big IPO on Thursday, they all became millionaires. Although he worked hard for his success, it's not a rags-to-riches story. He grew up in Silicon Valley and his father was an investment banker who invested and helped him raise funds for GoPro along the way.
Arista Networks, a company in the networking industry that just filed paperwork for an IPO , is worth watching. Arista was founded in 2005 and has been gaining momentum since 2008, when it lured away one of Cisco's top engineers, Jayshree Ullal, to be its CEO. Prior to Arista, Ullal ran Cisco's bread-and-butter routing, switching business, leading it to $10 billion in annual revenue.
Enterprise startup Zendesk is moving full-speed ahead toward its IPO, even though investors have cooled towards cloud companies in recent weeks. Zendesk has not set a date for its first day of trading on the public markets, but it just priced its shares, according to documents filed with the SEC . It plans to sell over 11 million shares at $8 to $10 a share.
Enterprise cloud storage company Box has filed the paperwork for its long-expected IPO, and the big surprise is how much of the company the co-founders have already sold off. For instance, co-founder and CEO, Aaron Levie, a rising star in Silicon Valley, only owns about 4% of the company, with 3,764,285 shares.
Alibaba is set to raise $21 billion in its IPO, with shares expected to be priced between $60 and $66, according to a filing with the SEC. The company's updated filing shows that it plans to offer up to 320 million shares, and at these prices, the company would be about $160 billion at the midpoint of this range. At this valuation, the company would be one of the largest IPOs in U.S.
It's currently down ~5% to $40.23 per share.Subtract the $10.5 billion in cash that Yahoo will have after receiving the proceeds of its Alibaba stock sale and paying taxes on its gain (Yahoo won't have to pay these cash taxes for a while, so it will retain the cash for now). Subtract the value of Yahoo's 35% stake in Yahoo Japan. It's worth about $5 billion after taxes.
IPO activity on Wall Street is heating back up. This week saw King — the maker of the addictive game Candy Crush — go public, only to see its stock tank three straight days in a row. Also this week we got the S-1 filing from Box, which makes a cloud-based file system, and though the company is a phenomenon, it's bleeding an unholy amount of cash . Still! The IPO window is open.
The recent big tech IPOs of companies likeFacebook,TwitterandTeslacould all be dwarfed soon by a company with roots far outside Silicon Valley. Chinese e-commerce giant Alibaba Group justfiled documentsfor its own offering (choosing to trade its stock in the US over Hong Kong) and while its value has not been determined, it could result in the biggest IPO ever when it's all said and done.
SAN FRANCISCO (AP) — Facebook CEO Mark Zuckerberg reaped a $3.3 billion gain last year by exercising stock options in the social networking company that he founded in a Harvard University dorm room. The windfall saddled Zuckerberg with a huge tax bill, even though he limited his Facebook salary to just $1, according to regulatory documents filed Monday.
| Added comment from JP Morgan Asset Management and updated the total amount of stock owned by shareholders that say they won’t sell.Some of Twitter’s biggest shareholders, which together control nearly half the company’s stock, say they plan to hang on to their shares, passing up their first opportunity to sell after the social networking company’s initial public offering in November.
Alibaba just priced its IPO at $68 per share. At this price, Alibaba is raising just less than $21.8 billion, making it the largest IPO in US stock market history. This sets the company's value at $167.8 billion. The company was expected to price its IPO between $66-$68 per share , an increase from the originally announced $60-$66 range.
The Chinese internet giant Alibaba finally went public Friday, raising $21.8 billion in what was the largest tech IPO of all time.Following his company’s historic IPO, Alibaba CEO Jack Ma went on air with the crew at CNBC’s “Squawk on the Street.”Ma clearly looked excited about the milestone, but what really stood out during the interview was his use of the word “trust.
You've probably heard all the important stats already.largest It's going to have the largest initial public offering (or "IPO") in US history. Shares will be priced today after the markets close atexpected to be betweenAlibaba is going public on Friday. 4:00 PM and are But you still might be confused about how IPOs actually work.
$15.78 per share. Today, it's at $36. Here's how he got to his total:Steven Davidoff at The New York Times took a look at Marissa Mayer's pay package as CEO of Yahoo, and came away with a rather stunning conclusion. Mayer's pay from Yahoo has totaled an estimated $214 million . Mayer's pay package comes via stock grants and options.
Say on Pay is when shareholders get to approve a company's compensation plans; the results of the vote are nonbinding.All of a sudden, Marc Benioff has been cashing out of hundreds of thousands of Salesforce.com shares. Since June 9, he's sold over 420,000 shares for nearly $24 million, according to insider trading forms filed with the SEC.
King, the company behind theCandy Crushsagafiled its IPOtoday, but is the makeranother Zynga(Farmville),another Rovio(Angry Birds) or something else again? Nearly 100 million users playCandy Crushevery day, and while the company's titles remain free to play, it depends on virtual goods, additional levels and content purchases to bring in the cash. Selling shares at $22.