Zynga to go public with IPO

Wednesday, 29th June 2011 at 9:57 am

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.

Read the full story on MCV.

http://www.develop-online.net/news/38127/Zynga-to-go-public-with-2bn-IPO