IPO Values Zynga at $9B

Farmville firm to sell 11.1% stake
By Matt Cantor,  Newser Staff
Posted Dec 2, 2011 11:07 AM CST
Zynga IPO Values Farmville Firm at $9B
Workers enter the CityVille game room at Zynga headquarters in San Francisco.   (AP Photo/Paul Sakuma)

Online gaming company Zynga is preparing an IPO that values the company at between $7.7 billion and $9.04 billion. The Farmville firm is selling an 11.1% stake, with 100 million shares going for between $8.50 and $10 each. The figures put Zynga on track to raise $925 million, more than any US Internet firm since Google in 2004, Reuters reports. A third-party analysis valued the company even higher, at $14.05 billion, two weeks ago—just below industry leader Activision Blizzard’s $14.2 billion. (Read more Zynga stories.)

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