• Zynga Planning To File For IPO As Early As Tomorrow, Will Raise $1.5 To $2B At $15 To $20B Valuation

    Tuesday, June 28th, 2011

    Leena Rao currently works as a writer for TechCrunch. She recently finished graduate school at the Medill School of Journalism at Northwestern University, where she studied business journalism and videography. From 2004 to 2007, she helped lead Congresswoman Carloyn Maloney’s community outreach and relations efforts in New York City. She graduated from Columbia University in 2003, where she was... → Learn More

    Zynga according to CNBC reporter Kate Kelly, Zynga will file its S-1 for an IPO with the SEC as early as tomorrow with a valuation between $15 billion and $20 billion.

    Kelly says that Zynga will raise between $1.5 and $2 billion in its offering. The company, says CNBC, has selected Morgan Stanley as the main underwriter of the IPO, with Goldman Sachs and Bank of America also listed as additional underwriters.

    Kelly also reports that Zynga will be looking to raise both debt and equity funding in the offering, and is currently profitable.

    Zynga has been speculated to be near filing its initial S-1 for an IPO. The company reportedly recently raised $250 million in new funding at a $7 to $10 billion valuation earlier this year. Zynga’s investors include Reid Hoffman, DST, Google, Tiger Global, Kevin Rose, Kleiner Perkins, Union Square Ventures, Andreessen Horowitz, Peter Thiel, Foundry Group and IVP.

    Company: Zynga
    Website: zynga.com
    Launch Date: July 2007
    IPO: NASDAQ:ZNGA

    Zynga was founded in July 2007 by Mark Pincus and is named for his late American Bulldog, Zinga. Loyal and spirited, Zinga’s name is a nod to a legendary African warrior queen. The early supporting founding team included Eric Schiermeyer, Michael Luxton, Justin Waldron, Kyle Stewart, Scott Dale, John Doerr, Steve Schoettler, Kevin Hagan, and Andrew Trader. Zynga’s mission is connecting the world through games. Everyday millions of people interact with their friends and express their unique personalities through our...

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