Monday 6 June 2011

Zynga IPO coming soon

Zynga is preparing for an initial public offering, and a filing could come as early as next week, according to those with knowledge of the company's plans.

The creator of the -Ville online game franchise will make its public debut in a fast-thawing tech IPO market.

"I think Zynga has had this in the works for many months," says Nitsan Hargil, director of research at GreenCrest Capital. Two other sources confirmed that the IPO filing is coming soon. It will offer the first public look at the four-year-old company's finances.

Hargil estimates that Zynga is worth $14.5 billion. The company has seen massive success with FarmVille, FishVille, Mafia Wars and many other games on Facebook.

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Zynga IPO coming soon