Report: Zynga Preparing for IPO

May 24, 2011

According to a report in AllThingsD (by way of VentureBeat), social game developer and publisher Zynga is ready to file its initial public offering. The publication cites an anonymous source close to the situation. The San Francisco-based company was rumored to be raising $500 million on a valuation of $10 billion a few months ago, but details were never announced. AllThingsD says that Zynga will value itself higher than $10 billion.

Sources have told AllThingsD that Goldman Sachs will be one of lead bankers for the Zynga offering and that Zynga has hired John Schappert, chief operating officer of Electronic Arts. The latter hasn’t been announced, but sources have confirmed it with the publication.

Zynga's Facebook games have more than 250 million monthly active users, with the company's most popular title, CityVille, enjoying more than 90 million monthly active users. The company has 2,000 employees and has acquired 14 game companies in the last 12 months.

Source: AllThingsD by way of VentureBeat

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E. Zachary Knight: Gamasutra explores the failure of Streetfighter X Tekken and has one of the best arguments against on-disk DLC I have ever read: http://tinyurl.com/d399ylu05/25/2012 - 1:46pm
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tallimar: http://news.cnet.com/8301-1035_3-57440902-94/microsoft-legal-win-over-google-may-signal-ceasefire/05/24/2012 - 10:17pm
ZippyDSMlee: TIme or an operation!05/24/2012 - 6:43pm
ZippyDSMlee: PC parts are in wish me luck or hell!!05/24/2012 - 6:43pm
MaskedPixelante: 38 Studios and Big Huge Games are pretty much dead now. http://www.joystiq.com/2012/05/24/38-studios-and-big-huge-games-lay-off-entire-staffs05/24/2012 - 4:39pm
DorthLous: Actually, nop, I did miss the emoticon for some reason (getting used to pics?) and I didn't know you changed it since (since I posted previous to my shout and it was still there.) Anyhow, thanks for taking it out!05/23/2012 - 6:01pm
james_fudge: Well we were just testing it. but it is still on the submission to fight $pam.05/23/2012 - 5:48pm
E. Zachary Knight: James, No I don't have it. I was just wondering who does and why. More curiosity than anything.05/23/2012 - 5:38pm
james_fudge: Did you not see the emoticon and did you not see that it has already been changed back?05/23/2012 - 5:10pm
james_fudge: LOL05/23/2012 - 5:07pm
DorthLous: Why? Not shocked that people are barking to an additional hoop to jump through when posting from their already logged in account or just mentionning this to try to paint me as one always complaining?05/23/2012 - 4:45pm
james_fudge: big shock there ;)05/23/2012 - 4:30pm
DorthLous: I'll add my voice to those wanting it gone :S I'm already logged in, I don't need a captch'a. That's for those registering.05/23/2012 - 3:54pm
james_fudge: Et tu EZK?!?05/23/2012 - 3:51pm
Craig R.: I'm a One Man Quorum! And it's working for me now, thanks. :)05/23/2012 - 3:48pm
E. Zachary Knight: How do we determine who get's the game/captcha thingy? Is there a certain posting threshhold users have to meet before it is turned off?05/23/2012 - 2:25pm
james_fudge: Give it a chance, we're still adjusting it ;)05/23/2012 - 11:20am
james_fudge: One does not a Quorum make Craig.05/23/2012 - 11:16am
Craig R.: If I complete the stupid game, and it just deletes my comment, what's the point?05/23/2012 - 11:15am
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