Zynga IPO 'due week before Thanksgiving'

Zynga IPO 'due week before Thanksgiving'
Craig Chapple

By Craig Chapple

October 25th 2011 at 10:08AM

But sources say plans are not final

Zynga’s initial public offering is being priced and could begin trading shares a week before Thanksgiving, two anonymous sources told Reuters.

They cautioned however the plans have not been finalised by the social gaming giant and the November launch date could change.

Zynga filed its form S-1 on 1st July this year for a proposed public offering of its Class A common stock.

That move was delayed after global market turmoil in the summer, but now it seems the company is ready to finally launch its IPO with some confidence returning to the markets.

The social gaming giant also recently announced ten new projects to help with its ailing IPO bid, including Mafia Wars 2, Hidden Chronicles and Castleville.