[Reuters] Zynga dips below IPO price

Posted by: UGN Security

[Reuters] Zynga dips below IPO price - 12/16/11 09:08 AM

(Reuters) - Zynga Inc shares opened as much as 10 percent above their offer price on Friday but then rolled back below the IPO price, showing that investors were still concerned about its dependence on Facebook and its growth prospects and that demand for hot tech IPOs may be waning.