Zynga Inc. (NASDAQ: ZNGA) has just filed a shelf registration statement that will allow the company to sell new shares into the market. This proposed secondary offering will be for up to 28,178,201 shares, which are worth a cumulative $125 million as of the filing date.

Be advised that these shares are not from the company at all. The filing states:

This prospectus relates to the offer and resale by the selling stockholders identified in this prospectus of up to an aggregate of 28,178,201 shares of our Class A common stock. We are not selling any shares under this prospectus and will not receive any of the proceeds from the sale of the Class A common stock by the selling stockholders.

We may also not even see a formal secondary offering. The selling holders are allowed to offer the shares through public or private transactions at prevailing market prices or at privately negotiated prices.

Just to prove that the deal may or may not be a true secondary offering, there were no underwriters named in the selling group of holders. We have included a list of sellers in the image below, although we would warn that some of the holders may choose not to sell.

Zynga shares closed at $4.63 on Tuesday and the stock was originally indicated down 1% or so in the early trading; shares are now up 1% at $4.68.

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