Zynga plans to raise up to $1.15B in IPO

December 2, 2011

(AP) -- Online game maker Zynga says it plans to raise up to $1.15 billion in an initial public offering of 115 million shares in the latest in a spate of Internet IPOs

The maker of popular games FarmVille and Mafia Wars says in a Securities and Exchange filing it plans to sell the shares at up to $10 a share.

Zynga Inc. said in July that it planned to go public. The proposed IPO follows other recent tech company IPOs including daily deal site GroupOn in November and site in June.

Tech IPOs aren't always hits. Shares of Groupon Inc., for example, are trading below their IPO price.

Zynga was founded in 2007 by CEO Mark Pincus. It has about 2,300 employees.

Explore further: FarmVille's Zynga files for $1 billion IPO (Update)

0 shares

Related Stories

'FarmVille' creator Zynga to go public

July 1, 2011

(AP) -- Zynga, the online game maker behind "FarmVille" and other popular Facebook pastimes, is going public, the latest in a crop of high-valued Internet IPOs expected after LinkedIn Corp. showed that the online networking ...

Online review site Yelp planning IPO: WSJ

November 8, 2011

Yelp is moving ahead with an initial public offering that would value the website which posts user reviews of businesses and services at $2 billion, The Wall Street Journal reported on Tuesday.

Report: Zynga CEO wants workers to give back stock

November 10, 2011

(AP) -- Zynga CEO Mark Pincus wants some of the online game company's early employees to give back stock they own ahead of the company's initial public offering of stock, according to a published report Thursday.

Recommended for you

Apple issues update after cyber weapon captured

August 26, 2016

Apple iPhone owners on Friday were urged to install a quickly released security update after a sophisticated attack on an Emirati dissident exposed vulnerabilities targeted by cyber arms dealers.

Auto, aerospace industries warm to 3D printing

August 25, 2016

New 3D printing technology unveiled this week sharply increases the size of objects that can be produced, offering new possibilities to remake manufacturing in the auto, aerospace and other major industries.

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.