Will Zynga IPO tomorrow with a $20 billion valuation?

June 28, 2011


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Social gaming company Zynga may file for an IPO as early as tomorrow, according to a tweet from CNBC reporter Kate Kelly. Kelly states that the IPO could value Zynga at between $15 – $20 billion.

Zynga will raise between $1.5 – $2 billion in such an offering, with Morgan Stanley selected as the main underwriter of the IPO.

Earlier this year it’s reported that Zynga raised $250 million in fresh funding, valuing the company at between $7-$10 billion.


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Darren McCarra

Darren McCarra is co-editor of The Sociable. He has a keen interest in photography, all things mobile, and writing about technology and social media. You can follow him on Twitter, Facebook and Google+.


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