TechTaffy

tech:

taffy

Zynga Prices Initial Public Offering

By TechTaffy Desk

Zynga announced the pricing of its initial public offering of 100,000,000 shares of Class A common stock at a price to the public of $10.00 per share. In addition, certain of Zynga’s stockholders have granted the underwriters a 30-day option to purchase up to an additional 15,000,000 shares to cover over-allotments, if any. Zynga will not receive any proceeds from the sale of shares by the selling stockholders.

Morgan Stanley and Goldman Sachs are the joint bookrunning managers and representatives of the underwriters for the offering. BofA Merrill Lynch, Barclays Capital and J.P. Morgan Securities are also joint bookrunning managers, and Allen & Company is senior co-manager for the offering. Zynga’s Class A common stock will trade on the Nasdaq Global Select Market under the symbol ‘ZNGA.’

Just in

Fundings

Rivos raises $250M

Santa Clara, Calif.-based Rivos, a RISC-V accelerated platform company focusing on data analytics and Generative AI, has raised $250 million in its Series A-3 funding round
Industry

IBM, Canada, and Quebec invest $137M to strengthen semiconductor industry

IBM, the Government of Canada, and the Government of Quebec announced agreements to develop the assembly, testing and packaging capabilities for semiconductor modules at IBM Canada's plant in Bromont, Quebec.
Around the web

Net neutrality is back: U.S. promises fast, safe and reliable internet for all — NPR

Consumers can look forward to faster, safer and more reliable internet connections under the promises of newly reinstated government regulations, writes Emma Bowman of NPR.
AI

AI is ‘a new kind of digital species,’ Microsoft AI chief says — Quartz

Mustafa Suleyman, chief executive of Microsoft AI, said during a talk at TED 2024 that AI is the newest wave of creation since the start of life on Earth, and that “we are in the fastest and most consequential wave ever,” writes Britney Nguyen in Quartz.
Around the web

It’s baaack! Microsoft and IBM open source MS-DOS 4.0 — ZDNet

Microsoft and IBM have joined forces to open-source the 1988 operating system MS-DOS 4.0 under the MIT License, writes Steven Vaughan-Nichols.