Reports indicate that the company has reached out to Morgan Stanley and Citibank to lead the IPO.
Zynga's IPO launched today but fell "within the first 10 minutes of trading," landing 5 percent down to $9.50 a share by the time the market closed.
"I'd say more that Zyngas brand of 'social gaming' is a bubble."
As predicted, Zynga plans on becoming public, hoping to raise $1 billion in an IPO.
"for normal companies its 7x the profit, for newer companies it can be as high as 20x i think. ..."