Today: Zynga Going Public at $10 Per Share, Valuation at $7 Billion
Zynga is all set to go public today in the largest initial public offering in the social games space to date. It’s undoubtedly one of the hottest IPOs of the year and various pundits are weighing in on both sides of the fence about whether or not to buy. Speculation has run rampant for a while about the price, which estimated the company’s IPO at $10B before the secondary market and official pricing targeted $7B instead.
This will be one of the major social media IPOs of 2011, in addition to stocks like Groupon and LinkedIn, which both went public this year.
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