Online social game-maker Zynga has lowered it expectations in regard to the initial public offering it plans for the near future. The maker of popular games such as “FarmVille,” “Mafia Wars,” and “Cityville” is hoping to offer 100 million shares, or about 14.3 percent of its total, priced between $8.50 and $10, valuing the company at about $9 billion, according to a regulatory filing. The valuation is lower than previous expectations. However, many of its Internet peers that went public this year haven’t been especially strong players in the market recently.
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Zynga Looks in Mirror, Shaves Billions From IPO Valuation
Posted by: Rachelle Dragani December 5, 2011 11:11 AMOnline social game-maker Zynga has lowered it expectations in regard to the initial public offering it plans for the near future. The maker of popular games such as “FarmVille,” “Mafia Wars,” and “Cityville” is hoping to offer 100 million shares, or about 14.3 percent of its total, priced between $8.50 and $10, valuing the company at about $9 billion, according to a regulatory filing. The valuation is lower than previous expectations. However, many of its Internet peers that went public this year haven’t been especially strong players in the market recently.