Zynga Valued Up To $7 Billion For Mid-December IPO
The leading developer of Facebook applications could go public within the next couple of weeks.
Zynga has increased the amount of money it plans to raise in its initial public offering to $1.15 billion, according to an amended filing the company made with the Securities and Exchange Commission.
The deal could happen in about two weeks, with shares opening at $8.50 to $10 apiece in a pricing expected the week of December 12.
The current value of the company now ranges from $5.9 billion to $7 billion, based on 699.4 million outstanding shares.
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