Thursday, May 26, 2011

Zynga to File for IPO


Zynga is set to file for its initial public offering as early as this week, All Things Digital reports.

It would be the latest in recent IPOs of several Internet companies, including LinkedIn and Russian search giant Yandex.

Zynga?s valuation in its last round of funding was $10 billion; ATD reports it is likely to price itself higher in an offering.

A Zynga IPO is considered a big score: The company claims that it has 250 million people actively playing its games every month. Its largest game currently is CityVille, which attracts 90 million monthly users, reports AppData. Its original Poker game still manages to attract 35 million monthly users.


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