Zynga (ZNGA)

Zynga (ZNGA)

Postby iam802 » Wed Jun 29, 2011 1:38 pm

Zynga to File for $1 Billion IPO Tomorrow

http://www.bloomberg.com/news/2011-06-2 ... -says.html

Zynga Inc., the top developer of games for Facebook Inc.’s site, will file paperwork for an initial public offering today, said GreenCrest Capital Management LLC, which cited a “major investor” in the startup.

The company has chosen Morgan Stanley to be the lead underwriter of an offering that will raise more than $1 billion, said Nitsan Hargil, an analyst at GreenCrest, which focuses on closely held firms. He didn’t name the investor, saying only that it was an early backer of Zynga.

Zynga, known for “FarmVille” and “Texas HoldEm Poker,” is joining the biggest wave of Internet IPOs since the dot-com heyday in 2000. LinkedIn Corp., Pandora Media Inc. and Yandex NV all went public in the past two months, and other Internet companies such as Groupon Inc. aim to benefit from the rebound with their own IPOs.

“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 yesterday in an interview.

Dani Dudeck, a spokeswoman for San Francisco-based Zynga, declined to comment, as did Pen Pendleton, a spokesman for New York-based Morgan Stanley.

Zynga’s sales will reach about $1.5 billion this year, generating $500 million of net income, Hargil estimates. The company doesn’t need the money it will raise from selling shares, the New York-based analyst said.

Most Valuable

The startup is valued at $15.4 billion on SharesPost Inc., an exchange that connects buyers and sellers of privately held companies. That would make it the most valuable U.S. game company, ahead of Activision Blizzard Inc. (ATVI) and Electronic Arts Inc. (ERTS) Zynga recently hired former Electronic Arts Chief Operating Officer John Schappert for a senior role.

The company is backed by venture firms Foundry Group, Union Square Ventures, Kleiner Perkins Caufield & Byers, Institutional Venture Partners and Andreessen Horowitz. Russia’s Digital Sky Technologies and Google Inc. (GOOG) are also stakeholders.

Goldman Sachs Group Inc. will be another underwriter of the IPO, Hargil said. Andrea Rachman, a spokeswoman for New York- based Goldman Sachs, declined to comment.


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Re: US - IPOs ( General News )

Postby iam802 » Sat Jul 02, 2011 1:39 pm

Follow up on Zynga

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http://techcrunch.com/2011/07/01/zynga- ... hCrunch%29


...

Zynga is profitable, posting $90.6 million in net income in 2010, which is a a 28% net margin. In Q1 of 2011, the social gaming giant reported $11.8 million in profit. Zynga has $995 million in cash on hand.

..

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Zynga IPO

Postby winston » Thu Dec 01, 2011 6:05 am

It's game on for Zynga initial public offering by Anthony Hughes and Robert Sherwood

NEW YORK, Nov 30 (IFR) - Zynga is expected to price its shares on December 15 in one of the most highly anticipated IPOs of the year.

The IPO is expected to value the fast growing social gaming company at around $10bn, below some earlier estimates of as much as $20bn.

The company is targeting a pricing range of $8-$10 per share, according to the source.

http://www.newsmeat.com/news/meat.php?a ... &buid=3281
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US - IPOs ( General News )

Postby iam802 » Thu Dec 01, 2011 12:56 pm

When the market starts having a string of tech startups going IPO, I think we need to be careful going 'long'.


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Zynga Targets $10 Billion Valuation in IPO

http://blogs.wsj.com/deals/2011/11/30/z ... od=WSJBlog

Social game developer Zynga Inc. plans to launch its initial public offering next week at a valuation of roughly $10 billion, lower than once anticipated, according to people familiar with the plans.

The proposed price range is expected to be set soon, before the company begins a series of marketing meetings with investors on Monday Dec. 5, with an eye toward pricing the sale Dec. 15, the people said.

A Zynga spokesman declined to comment. The expected valuation was first reported by Reuters.

With its current plans, Zynga is halving what it once thought it could obtain from the public markets. When the company filed to go public in July, it was seeking to raise $2 billion with a valuation of $20 billion, people familiar with the matter said.

The price level Zynga is now anticipating is also lower than an outside appraisal in August of over $14 billion, listed in its filing with the Securities and Exchange Commission.

Still, it’s not unusual for bankers managing a sale to set a low initial price range to try to drum up investor interest, then set a higher price if demand warrants. That scenario played out in the IPOs of General Motors Co. and Groupon Inc.

When Zynga first filed its IPO plans, it was part of a rush of technology offerings hitting the market earlier this year, with LinkedIn Corp. and Zillow Inc. among the best-known names in the Internet and social-networking sphere to go public.

But the sudden summer market swoon led both Groupon and Zynga to hold off on an IPO until market conditions improved. Groupon captured a brief market uptick last month and was able to raise $805 million at a valuation of $12.7 billion by lowering its own once-loftier valuation.

Now Zynga also seems set to launch on the back of a recent market surge.
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Re: Zynga IPO

Postby winston » Sat Dec 17, 2011 7:21 am

not vested

Online game maker Zynga Inc <ZNGA.O> shares opened 10 percent above their initial public offering price of $10 per share but rolled back showing that investors were concerned about the Farmville maker's dependence on Facebook.

Shares hit a session low of $9 and closed at $9.50.

Source: Reuters
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Re: Zynga (ZNGA)

Postby iam802 » Fri Mar 02, 2012 11:51 pm

Up on launch of new platform.

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Re: Zynga (ZNGA)

Postby iam802 » Thu Apr 24, 2014 3:16 pm

In just one year, Zynga has lost nearly half of its daily active users

http://arstechnica.com/business/2014/04 ... ive-users/
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Re: Zynga (ZNGA)

Postby winston » Tue Oct 11, 2016 8:22 pm

Video-game developer Zynga soars 65% in the past eight months.
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