Hypo Venture Capital Zurich Headlines: Zynga reportedly preparing public offering of stock
Alex Pham
http://latimesblogs.
latimes.
com/entertainmentnewsbuzz/2011/05/zynga-reportedly-preparing-publicoffering-of-stock.
html
Zynga, the San Francisco developer...
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Hypo Venture Capital Zurich Headlines: Zynga reportedly preparing public offering of stock
Alex Pham
http://latimesblogs.
latimes.
com/entertainmentnewsbuzz/2011/05/zynga-reportedly-preparing-publicoffering-of-stock.
html
Zynga, the San Francisco developer of social games such as Mafia Wars and FarmVille, is preparing to
file an initial public offering of stock this week or next, according to the Wall Street Journal’s All Things
D blog.
Zynga’s last round of funding valued the company at $10 billion.
But a stock offering could allow Zynga
to harvest a substantially higher valuation, according to All Things D, citing anonymous sources.
Other technology IPOs have done well this year.
Demand Media in January enjoyed a 33% pop in share
price on its first day of trading.
Shares of LinkedIn, a social network aimed at executives and job seekers,
soared 109% on its first day of trading last week, giving the Bay Area company an eye-popping $9-billion
valuation.
And most recently, Yandex,
Less