Is social media the new Chinese reverse merger? Only three months after its IPO, ZNGA (trading over 21% above its post-IPO open price) will be doing a secondary offering. Yes, you lucky punters who can't get enough of FBOOK's IPO can step in and fill another money void (with your money on the sidelines) with this follow-on (supposedly to avoid a lock-up sell-off!!). The stock is trading down only 2% on this 'great' news. When will ZNGA announce their dividend hike?
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Chart: Bloomberg