Zynga IPO Could Happen in June: Company Worth $10 Billion
Published on:
May/27/2011
The popular social gaming and poker company Zynga is expected to file for an IPO some time in June, though most of the speculation is focusing on the later part of the month.
The company is said to be worth $10 billion, which puts it one billion above the LinkedIn IPO over this past week.
The Zynga IPO is expected to be backed by Goldman Sachs, Morgan Stanley and more.
Zynga has purchased 14 companies in the last 12 months. While its free Texas Hold’em poker game is among the most popular on the Net, Zynga is also features such phenoms as Cityville and Farmville, which boast 90 million and 45 million users, respectively.
- Aaron Goldstein, Gambling911.com
