Dec 14, 2011

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Zynga IPO – The Farm is Here!

All About The Zynga IPO

Zynga IPOThe Zynga IPO is here. San Francisco-based Zynga, a game developer that specializes in social media games, is believed to be working on their IPO at the moment. Known for their highly addictive Facebook games like Zynga Poker, Frontierville, City Ville, and FarmVille, Zynga is said to have over 250M users. Zynga launched a new Facebook game called Empire and Allies. Most industry experts feel that this move lays the foundation for taking Zynga public.

Zynga IPO Valued at $10 Billion

During the past couple of months, many social media companies have taken their company public.  One of them is  LinkedIn. Some people say that there is a tech bubble. However, it is safer to say that Zynga IPO and the stock afterwards will probably be greatly oversubscribed. Currently, Zynga has about 250M Facebook users who play their games. Zynga IPO is said to be valued at around $10B, and there are rumors swirling around that Goldman Sachs and Morgan Stanley have been shortlisted to be their lead underwriters.

 

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