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Friday, December 02, 2011

The Zynga IPO

Zynga Inc., the online gaming giant, has filed it's S-1 with the Securities and Exchange commission.

Zynga's IPO price range has been set at $8.50 to $10 per share, which will give it a valuation of around 1 billion dollars.

Wall Streets earlier speculated that Zynga would debut on the public market at a valuation between 15 and 20 billion, but according to reports the company decided to lower the price range of their shares due to world economic concerns.

Zynga plans to release 100,000,000 shares in it's offering, and as we come closer to the date the price range will most likely increase, like with many other tech IPO's.

Source: TechCrunch, S.E.C.