Will Zynga IPO tomorrow with a $20 billion valuation?

June 28, 2011


facebook icon facebook icon

Social gaming company Zynga may file for an IPO as early as tomorrow, according to a tweet from CNBC reporter Kate Kelly. Kelly states that the IPO could value Zynga at between $15 – $20 billion.

Zynga will raise between $1.5 – $2 billion in such an offering, with Morgan Stanley selected as the main underwriter of the IPO.

Earlier this year it’s reported that Zynga raised $250 million in fresh funding, valuing the company at between $7-$10 billion.


facebook icon facebook icon

Albizu Garcia

Albizu Garcia is the Co-Founder and CEO of Gain -- a marketing technology company that automates the social media and content publishing workflow for agencies and social media managers, their clients and anyone working in teams.


Sociable's Podcast