Social gaming firm rumoured to float; Now valued between $15bn and $20bn
CityVille creator and Facebook games giant Zynga is close to floating on the stock market.
The social gaming developer is reportedly setting up an Initial Public Offering this week worth as much as $2bn in shares.
The IPO will apparently be led by finance companies Morgan Stanley, JPMorgan and Goldman Sachs, as well as Bank of America Merrill Lynch and Barclays.
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I think it should be more accurate to state,
The IPO is being expected to at least have USD $1bn credit. It is expected to raise at least USD $1.5- 2bn. And that this IPO, will then be estimated to value Zynga at USD $15-20bn, whereas at the moment, the last investment round rated Zynga to be worth around USD $ 10bn.
