The Facebook game maker plans to sell 100 million shares, or 14.3 percent of the company, at $8.50 to $10 per share, according to a regulatory filing on Friday.
Zynga's debut follows hot on the heels of Groupon Inc and LinkedIn Corp's this year, which helped revive a market for first-time share sales that had sputtered in recent years.
Based on the midpoint of Zynga's price range, the company could raise $925 million. It had previously filed in July to raise up to $1 billion.
The IPO would value the 5-year-old company, which made its name on viral games such as "FarmVille," at between $7.6 billion and $8.9 billion, catapulting it to the top of the U.S. game industry.
Electronic Arts Inc has a market value of $7.73 billion, while Activision Blizzard Inc's is $14.21 billion.
While its games are free to play, Zynga makes money from selling virtual items -- such as tractors and weapons -- that players then use.
Mark Pincus, a serial entrepreneur before he founded Zynga, will hold a class of shares with 70 times more voting power than the regular stock that will be sold in the offering. For the latest updates on the stock market, visit Stock Market Today
Zynga ipo shares price, Zynga ipo stock price per shares, Zynga stock forecst 2012, will Zynga shares 2012, Zynga IPO price range.
For the latest updates PRESS CTR + D or visit Stock Market news Today
Related Post:
Zynga
- Why Zynga stocks prices down april 27 2012
- Zynga Inc. earning estimates report feb 14 2012
- Zynga stock price targets setting buy ratings
- Zynga ipo shares prices jan 10 2012
- zynga stock price december 19 2011
- Zynga shares drop below $10 IPO price december 16 2011
- Zynga game ForestVille for iOS devices, iPad, iPhone, and iPod Touch
- Zynga IPO start trading december 16 2011
- Zynga ipo shares prices forecast december 15 2011
- new zynga ipo price range per shares
- zynga inc launch ipo nasdaq stock symbol
- Zynga has estimated it will raise $1bn from the sale
No comments:
Post a Comment