Gamasutra: The Art & Business of Making Gamesspacer
View All     RSS
November 22, 2014
arrowPress Releases
November 22, 2014
PR Newswire
View All






If you enjoy reading this site, you might also want to check out these UBM Tech sites:


Report: Zynga Alters Stock Structure To Give CEO More Voting Power
Report: Zynga Alters Stock Structure To Give CEO More Voting Power
August 26, 2011 | By Mike Rose




Social games giant Zynga is changing its stock structure around to give CEO Mark Pincus 70 times more voting power than any other shareholder in the initial public offering.

Zynga's board of directors approved a new three-tier approach for the stock structure, increasing Pincus' shares to 70 votes, up from his original 10, according to documents acquired by financial website Bloomberg.

In comparison, pre-IPO investors will get seven votes for each share, up from the original single vote they were originally allowed. All other public investors will still receive the standard one vote per share.

Lise Buyer, a principal at IPO advisory firm Class V Group, told Bloomberg that the move by Zynga may be in aid of keeping too large a share of the voting power from shareholding staff members.

"Zynga has invented something new," she said, noting that having three tiers of stock is "unprecedented" for the average technology company.

Zynga filed an S-1 with the SEC indicating its desire to issue an initial public stock offering "as soon as is practicable" back in July, with the company estimating aggregate initial sales of $1 billion in class A common stock.


Related Jobs

Disruptor Beam, Inc.
Disruptor Beam, Inc. — Framingham, Massachusetts, United States
[11.22.14]

Lead 3D Artist
Infinity Ward / Activision
Infinity Ward / Activision — Woodland Hills, California, United States
[11.22.14]

Lead Game Designer - Infinity Ward
GREE International
GREE International — Vancouver, British Columbia, Canada
[11.21.14]

Sr. Game Designer
Cloud Imperium Games
Cloud Imperium Games — Santa Monica, California, United States
[11.21.14]

Technical Artist









Loading Comments

loader image