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Brad Feld

Brad Feld36 posts

Brad Feld is an American entrepreneur, author, blogger, and venture capitalist. He started a software consulting firm while still at MIT and sold it in 1997 to Ameridata. He then formed Foundry, a venture capital firm, which has made investments in leading software brands such as Zygna.

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15 Dec, 2011

IPO

ZyngaIPO0 Comments

Zynga debuts on the NASDAQ Global Select Market at $10.00, and trades between $9.00 and $11.00 during the day. Foundry owns 6.1 percent of Zynga before the IPO, or 34,560,060 shares. Foundry invested less than $5 million in Zynga, but today it holds around $345 million worth of Zynga shares. This is on top of an earlier $22.58 million buyback and $25 million generated via the sale of shares in the IPO.