Public offering could value online games firm Zynga at $20bn

ONLINE game company Zynga filed for an initial public offering (IPO) yesterday, hoping to raise up to $1 billion (€688m).

The company, which makes popular games that are played on Facebook, did not say how many shares it was planning to sell or give an expected price range, according to a US government filing.

Zynga’s IPO could raise $1.5bn-$2bn and could value the company at $15bn-$20bn.