Zynga About to File for IPO
Big news!
Zynga’s valuation in its last round of funding was $10 billion, but it is likely to price itself higher in an offering.
After all, LinkedIn now has a market valuation of $9 billion, double its pre-IPO price.
Whatever the price, a Zynga IPO is a major coup, especially given how quickly it has morphed into one of the most important forces in online gaming, largely via distribution on the Facebook platform.
Looking forward to digging into the numbers and watching how Zynga deals with diversifying away from Facebook.
