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Zynga IPO opens today, closes down 5 percent

Related Topics – Zynga, IPO, Stock Market
Zynga IPO opens today, closes down 5 percent

The initial public offering (IPO) for social game giant Zynga has finally been released into the wild--or in this case, the Nasdaq Stock Market. The stock, which uses the symbol "ZNGA," was offered at $10 per share.

Initial performance for the stock, however, was not as popular as the company had hoped. It closed down 5 percent at $9.50. According to Dealogic, only five of 22 U.S. Internet IPOs have closed down on their first day of trading this year.

Read more: Fell within first ten minutes of trading ยป

"I'd say more that Zyngas brand of 'social gaming' is a bubble."
- PlayfulPuppy    See all 15 comments

Zynga files for $1 billion IPO

Related Topics – Zynga, IPO
Zynga files for $1 billion IPO

As predicted, Zynga plans on becoming public, hoping to raise $1 billion in an IPO. The company issued an S-1 filing today, revealing some key facts about the company. While the $1 billion IPO will give the company a $10 billion valuation, Zynga has only made $90 million of profit in 2010. However, as VentureBeat notes, "Zynga is by far the most profitable company to file to go public this year," besting well-known names like Groupon, Pandora, and LinkedIn. Most of that profit has come from the sale of virtual goods, which represented $575 million of revenue in 2010.

According to the filing, Zynga currently has 60 million users that play on a daily basis, and over 230 million monthly active users across all its games. Charts provided by the company show that there is reason to believe that the company will continue to grow at its extremely fast pace: Read more »

"for normal companies its 7x the profit, for newer companies it can be as high as 20x i think. ..."
- filthysock    See all 15 comments

Zynga IPO seeks up to $2 billion

Related Topics – Zynga, IPO
Zynga IPO seeks up to $2 billion

Zynga is the most prolific game publisher on social networks today. With FarmVille, Mafia Wars, and more recently, Empires & Allies, under its belt, Zynga commands the attention of millions of Facebook users with time to kill. That makes Zynga one of the most desired properties on the web today, as investors are hungry to buy into social gaming.

According to CNBC, Zynga is seeking "between $1.5 billion and $2 billion" as part of an initial public stock offering (IPO) that could be underway by Fall. The billion dollar figure is staggering, but even more shocking is the implication of what that means for the company's total worth. CNBC suggests the company could be following the "low-float model," which has companies sell only 10 percent of their shares. If Zynga follows this model, they are trying to reach a public valuation of up to $20 billion. This proposed figure would be significantly higher than the $5 billion valuation pegged on the company last year, and would easily make the company larger than EA and Activision combined. Read more »

"EA is not buying PopCap - don't believe everything you read. "
- Moog69    See all 53 comments

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