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).

Public offering could value online games firm Zynga at $20bn
Sat, 02 Jul, 2011 - 01:00
Jennifer Saba and Clare Baldwin (Reuters)

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.

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