ZYNGA IPO values company up to 9 billion dollars


Wow, how prescient.  Today Zynga did file for its own IPO seeking to raise 1billion but the company is valued at 9 billion as said in the title.

The social games maker, known for Facebook games like “FarmVille” and “Mafia Wars,” plans to sell 100 million new shares between $8.50 and $10 each, which will raise $925 million based on the midpoint of the range, according to a regulatory filing on Friday.

The deal values Zynga at as much as $9.04 billion, about a third less than the $14.05 billion valuation that the company cited in a filing two weeks ago.

one more thing:

Zynga aims to set its IPO price on December 15 and the stock is scheduled to trade on Dec 16.

Based on a fully diluted share count of 904 million, which includes existing shares and stock options, the IPO price values Zynga at $7.7 billion to $9.04 billion.

http://finance.yahoo.com/news/zynga-plans-1-billion-ipo-023943977.html

I have this IPO on my watch list.  It’s in the works.  Angie’s list and Groupon stock actually fell below the IPO price which is not good news for them.  I did not buy either one.  Everything in my portfolio showed a profit the day the market nearly reached 500 a couple of days ago. 

http://www.reuters.com/article/2011/12/02/us-zynga-ipo-idUSTRE7B106920111202

The leading social games maker plans to sell 100 million new shares at between $8.50 and $10 each, according to a U.S. regulatory filing on Friday.

At the midpoint price, the IPO could raise $925 million, which would make it the largest from a U.S. Internet company since Google Inc raised $1.7 billion in 2004.

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About heloise8

Meaning of "trough" -- Trough is the bottom of a transverse wave. And generically means a low point or a place to fill. Venus is related to this meaning. Veins are to be filled, and venusian people are loving. The left is more venusian than the right, hence The Trough--where Heloise helps the great and the small. Heloise the politico from Blogcritics.org. Physics preacher, blogger, gardener, beach lover, book lover, writer, author.

Posted on December 2, 2011, in Money Trough and tagged , , , , , . Bookmark the permalink. 1 Comment.

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