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Zynga targets $925 million in IPODela @ Dec 02, 2011 13:07 | 2 comments
Zynga plans to sell 100 million shares at $8.95 to $10 per share, amounting to around 14.3 percent of the company. It hopes it will raised $925 million, which is less than the FarmVille-developer had previously planned to aim for.
The IPO would value Zynga between $7.7 billion and $9.04 billion. Electronic Arts has a market value of $7.73 billion, while Activision Blizzard Inc's sites at $14.21 billion.
Zynga was established five years ago, and got its success with viral games such as FarmVille. The games are free to play, but Zynga makes money by selling virtual items in the games to players.
Zynga's IPO follows that of Groupon Inc and LinkedIn Corp earlier this year. Both helped to revive a market for first-time share sales that had remained weak in recent years. |
IPO is one of the year's most anticipated.
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Comment by: LordRuss (Dec 02, 2011 16:55) And seemed to revive a tired (& relentlessly ignorant 'real money for fake money' environment that you will never catch me doing. I mean, I 'suppose' you could juxtapose this behavior to that of being like kids dumping quarters into the game machines back in the 70s & 80s, but it REALLY seems icky & removed. Somehow the two feel like puzzles that can be put together.
http://onlyinrussellsworld.blogspot.com
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Comment by: pigman (Dec 06, 2011 20:26) Is this company seriously considered to be the same value as EA?!
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