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Business Zynga to File for IPO on Wednesday

Zynga to File for IPO on Wednesday

Zynga, the company that makes FarmVille and other social games, is the latest Web company to jump on the IPO train: It's expected to file for an IPO on Wednesday that could raise from $1.5 billion to $2 billion. That would put the company’s total valuation from $15 billion to $20 billion—which is more than the two biggest videogame publishers, Blizzard Activision and Electronic Arts, combined. The company, unlike many tech companies, has a steady revenue stream: A few months ago, it was estimated to bring in about $1 billion each year, largely through in-game amenities and purchases.

June 29, 2011 6:07 AM