Sunday, December 18, 2011
Zynga's lackluster debut Friday ended a disappointing year for initial public offerings.
The San Francisco maker of online games closed at $9.50 per share, 50 cents below its $10 offering price. Zynga was one of nine U.S. companies that rushed to go public last week before the IPO market shut down for the rest of the year.
Social-networking IPOs lose some luster in 2011