..

Free Texas Hold’em Zynga Poker Will File Paperwork for IPO on Wednesday

Written by:
Aaron Goldstein
Published on:
Jun/28/2011
Zynga Poker

Zynga, the powerhouse behind Facebook’s popular free Texas Hold’em game and Farmville, is expected to file paperwork for its initial public offering (IPO) on Wednesday June 29, 2011.

The company will use Morgan Stanley to be the lead underwriter of an offering that will raise more than $1 billion, according to Nitsan Hargril, an analyst at GreenCrest Capital Management LLC. 

Zynga will follow other recent Internet IPOs like LinkedIn Corp.

"Of all the companies we’re looking at, it’s the one we’re most excited about because it’s a real company with real revenues," Hargil said.

Zynga’s sales will reach $1.5 billion this year, generating $500 million of net income, Hargil estimates.

Back in March, Zynga hosted its first ever live poker tournament.  The company claims some 5.6 million registrants have participated in its online free Texas Hold’em games. 

- Aaron Goldstein, Gambling911.com

PLAY ON LOCK POKER FOR FREE OR FOR REAL CASH.  SIMPLY CLICK ON BANNER BELOW AND BEGIN TO DOWNLOAD THE SOFTWARE.

Poker News

Day 1A of VenomPKO Was Intense

Day 1A of VenomPKO Was Intense

Day 1A of the highly anticipated VenomPKO is in the books and Americas Cardroom was promising even bigger things for Monday

Poker Pro Sam Grizzle Dies of Stroke

Poker Pro Sam Grizzle Dies of Stroke

"At least he went out on top," poker pro Mike "The Mouth" Matusow commented upon hearing that fellow pro Sam Grizzle died from a “massive stroke and brain aneurysm" Monday afternoon.

Midway Poker Tour Founder Daniel Bekavac in Hiding?

Midway Poker Tour Founder Daniel Bekavac in Hiding?

PokerTube.com reported this weekend that Midway Poker Tour founder Daniel Bekavac appears to have gone to ground and nobody has any idea where he is.

$5 Million Venom PKO Venom Fever

Americas Cardroom's $5 Million GTD Venom PKO Main Event is the biggest progressive knock out tournament in the history of poker and the tourney is set to kick of October 23rd to November 4th.

Fallout From Midway Poker Tour Fiasco Continues

Fallout From Midway Poker Tour Fiasco Continues

Daniel Bekavac, the founder of the Illinois-based Midway Poker Tour, has been booted from the PokerBros app after it was revealed that players were forced to sign up under Bekavac’s Poker Bros. affiliate code.

Syndicate