Farmville Creator Zynga Reportedly Planning IPO

Biggest manufacturer of Facebook games already boasts an $8.2 billion valuation

Long rumored, it appears that Zynga is finally ready to take the IPO plunge.  

The social gaming manufacturer is going to issue an initial public offering by the end of June, according to Bloomberg.

A spokesperson for the San Francisco-based company did not immediately respond to requests for comment. 

On the strength of popular Facebook games such as Farmville and Texas HoldEm Poker,  Zynga already boasts an $8.2 billion valuation.

The company has reportedly met with Morgan Stanley and Goldman Sachs as part of an audition for bankers to prepare its regulatory filings. 

The announcement comes on the heels of fellow tech giant LinkedIn's IPO last week. Shares of that social networking site opened at $83 and are currently trading at over $96. 

Other Silicon Valley titans such as Facebook are prolonging the buildup to an IPO and preferring to remain private and therefore more independently run.

Yet Wall Street prognosticators think that even Facebook will soon yield to pressure from the Securities and Exchange Commission and go public. But first Mark Zuckerberg will wait for Zynga and others to get the water warm. 

 
 

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