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Zynga breaks down share sale

March 23, 2012: 7:04 AM ET

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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Dan Primack
Dan Primack
Senior Editor, Fortune

Dan Primack joined Fortune.com in September 2010 to cover deals and dealmakers, from Wall Street to Sand Hill Road. Previously, Dan was an editor-at-large with Thomson Reuters, where he launched both peHUB.com and the peHUB Wire email service. In a past journalistic life, Dan ran a community paper in Roxbury, Massachusetts. He currently lives just outside of Boston.

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