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Zynga Aims for $9B Valuation

Plans to sell 11 percent of shares in IPO.

cheats/2011/12/02/zynga-aims-for-9b-valuation/zynga-ipo-value-9-billion-cheat_hhnlhe

Paul Sakuma

Facebook game maker Zynga is going big in its initial public offering, selling 100 million new shares at between $8.50 and $10 each, which would value the company at $9 billion. At the midpoint price, the IPO could raise $925 million, making it the largest offering from an Internet company since Google raised $1.7 billion in 2004. The sale would make Zynga, which makes FarmVille and other Facebook games, one of the largest game developers. Activision Blizzard Inc. currently has the highest market value, with $14.2 billion, followed by Electronic Arts with $7.7 billion.

Read it at Reuters

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