Zynga Founder & Backers Selling Almost $600 Million in Stock, Already (ZNGA)

The filing was actually for 43 million shares, with 16.5 million shares being from Pincus. Kleiner Perkins Caufield & Byers and Union Square Ventures are both also selling shares in the offering. Pincus will still have almost 36% of the voting interest in the company after this share sale.

This is just very soon for a lock-up to be waived.  While it is not dilutive in definition, it certainly puts much more supply of stock on the street.

Shares are up more than 30% from the 100 million share initial public offering and the pre-market indication is down by 2% to $13.45 in pre-market trading.

JON C. OGG