Zynga's Investors Are About To Get A Huge Payout

zynga listing

Zynga, the makers of FarmVille and other popular social games, is planning a secondary share offering to avoid a sell-off when its lock-up expires, Bloomberg News reports.

The move will let Zynga investors sell some stock while getting large shareholders to agree to stay in a longer lock-up period, according to the report, which cites anonymous sources.

This should prevent a sell-off of Zynga’s shares, like LinkedIn experienced when its lock-up period expired.

It’s likely important for Zynga, whose shares have been on a huge run since the beginning of the year.┬áIt wasn’t until January that Zynga’s stock started trending up, and it was trading below its IPO price for a while.

Since its IPO last year, the shares have risen more than 30 per cent and are trading above $13.

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