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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Cecil475: @hellfire7885 - Makes me want to support Nintendo even more.05/24/2013 - 4:49pm
hellfire7885: Man, EA seems to be determined to destroy the Wii U ,and the evidently are so arrogant as to believe not making games for it will do that.05/24/2013 - 4:45pm
DorthLous: Pwahahahha http://www.destructoid.com/wii-u-sales-drastically-spike-after-xbox-one-presentation-254449.phtml#LlG8HEYbQj2krql5.0105/24/2013 - 2:23pm
james_fudge: she gets no credit until she employs some common sense. - 2 credits for her.05/24/2013 - 11:22am
Andrew Eisen: To Stender's credit, she did unmoderate my most recent comment within a day's time. There's even a couple other replies. None from her though.05/24/2013 - 11:18am
james_fudge: apparently gamers are all 14 - 21 years-olds living in basements according to her way of thinking...05/24/2013 - 11:11am
ZippyDSMlee: EZK: 0_o thier video card chipset is at the very least 3 versions behind the top PC video card.......05/24/2013 - 7:38am
MechaTama31: "You just wouldn't understand how my parenting preferences are more important than everybody else's freedoms."05/24/2013 - 7:37am
DorthLous: I love how she plays the "I'm a parent, you're a gamer, you couldn't understand" card... I'm a parent and I find her position despicable...05/23/2013 - 4:16pm
E. Zachary Knight: She didn't address your questions because she doesn't have any answers.05/23/2013 - 3:38pm
Andrew Eisen: I replied to her comment. Maybe in a few weeks I'll get a reply.05/23/2013 - 3:24pm
Thomas Riordan: @Andrew Eisen To what bowling alley does she go that puts sexual images in the faces of 6 year olds?05/23/2013 - 3:17pm
Andrew Eisen: Well, it took a month but Linda Stender finally replied to me... and didn't address a single one of my questions. http://aswlindastender.com/2013/04/23/follow-up-video-games-and-their-effect-on-children/05/23/2013 - 3:13pm
Imautobot: Also, from a tech perspective the PS4 is apparently already winning. http://bgr.com/2013/05/22/xbox-one-vs-playstation-4-specs/05/23/2013 - 3:12pm
Imautobot: Sony's PS4 motto should be "We play games." Microsoft's should be "We play games, when we're not rewinding your tapes."05/23/2013 - 3:11pm
Andrew Eisen: Oh look, Dying Light was just announced For Everything But Wii U. That's 73.05/23/2013 - 2:06pm
james_fudge: Zippy: they said the same thing about Cell. How did that turn out.05/23/2013 - 1:28pm
Andrew Eisen: Need for Speed Rivals is coming out For Everything But Wii U - PS3, 360, PC, PS4 and Xbox One. That brings the grand total up to 72.05/23/2013 - 12:55pm
PHX Corp: http://wiiudaily.com/2013/05/microsoft-is-selling-the-wii-u-better-than-nintendo/ Wii U daily Opinion: Microsoft is selling the Wii U better than Nintendo05/23/2013 - 12:23pm
E. Zachary Knight: Zippy, they very well may be. But that will only last until they are released. At that time, they will be two generations behind.05/23/2013 - 11:14am
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