Zynga, which is best known for its social games played on Facebook Inc., such as FarmVille and Mafia Wars, hasn't yet set the price or share size for its initial public offering. But it expects to do so within days, and begin marketing its deal on Monday, said a person familiar with the plans.
If all goes as planned, the company could begin trading on the Nasdaq under the symbol "ZNGA" toward the middle of the month, likely before Dec. 21. Zynga declined to comment.
Zynga is choosing to go public at a time when recent high-profile consumer Internet offerings haven't fared very well. Although Groupon priced above its range and rose nearly 31% on its first day of trading last month, it is currently trading below its $20-a-share IPO price. Angie's List, which priced at the high end of its range and gained 25% during its debut last month, is also below its IPO price of $13 a share. For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today
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