Zynga Game Network will likely file for an IPO on Thursday, based on a flurry of media reports that came out Tuesday evening and Wednesday morning. Though an impending Zynga IPO has been rumored for weeks, details are now leaking out. Zynga is a leading developer of social games such as “FarmVille” and “CityVille,” which are wildly popular on Facebook. Zynga’s move may be the biggest public offering yet for a social media company. It is expected to offer 10 percent of its shares in an attempt to bring in $2 billion. That would value the company at $20 billion, possibly more.
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Zynga Sets Out for IPOville
Posted by: Rob Spiegel June 29, 2011 12:55 PMZynga Game Network will likely file for an IPO on Thursday, based on a flurry of media reports that came out Tuesday evening and Wednesday morning. Though an impending Zynga IPO has been rumored for weeks, details are now leaking out. Zynga is a leading developer of social games such as “FarmVille” and “CityVille,” which are wildly popular on Facebook. Zynga’s move may be the biggest public offering yet for a social media company. It is expected to offer 10 percent of its shares in an attempt to bring in $2 billion. That would value the company at $20 billion, possibly more.