Who would have guessed that farmville would get this company a $1B valuation? Brilliant!

Zynga files for IPO of up to $1 billion

Social game maker saw revenue, earnings surge in 2010

By Dan Gallagher, MarketWatch

SAN FRANCISCO (MarketWatch) — Zynga Inc. filed for an initial public offering Friday that has the social gaming company seeking to raise as much as $1 billion from investors to continue to build out its booming business.

In a filing with the Securities and Exchange Commission, Zynga didn’t spell out a proposed offering-price range or number of shares to be included in the deal. The company also didn’t specify on which exchange it intends to list its shares.

If completed, Zynga’s IPO would be the latest debut of a high-profile online social-networking company this year. LinkedIn (NYSE:LNKD)  completed its IPO in late May, and Groupon Inc. has since filed its own papers for a deal expected to be executed later this year.

Zynga, which makes popular Facebook games such as “FarmVille” and “CityVille,” saw revenues surge nearly 400% to $597.5 million in 2010 and reported a net profit of $90.6 million for the year. Earnings for the first quarter of this year were $11.8 million on revenue of $235.4 million — putting the company on track to surpass the $1 billion mark in revenue this year.

Monthly active users as of March 31 totaled 236 million — flat with the same period the previous year and up 21% from the end of December.

You want to get the biggest bang for your buck, its always most profitable to IPO during buying frenzies, not sell offs like we are having in the market now.

(Reuters) - Zynga, the social games maker may delay its plans for an initial public offering until November because of poor market conditions, the New York Post newspaper reported late on Sunday.

The New York Post, citing two sources with knowledge of Zynga's plans, said the company hoped its shares would be listed as soon as possible but is "no longer in a rush because of the rocky stock markets."

Should be soon

(AP) – 57 minutes ago

NEW YORK (AP) — Investors will get the chance to reap "Farmville's" harvest on Friday, as shares of online game developer Zynga Inc. start trading on the Nasdaq Stock Market.

The San Francisco company, which specializes in Facebook games, priced its initial public offering late Thursday at $10 per share, raising $1 billion. That makes it the largest Internet-related IPO since Google Inc. went public in 2004, raising $1.4 billion.

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Originally Posted by rmejia 

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Don't they buy games from other companies? With enough capital they could just buy "machines" rather than create in-house, milk it, then burn it all to the ground, bwahahaha profit.
 

 

What are you doing here?

Shouldnt you be playing SWTOR?

11.40 to 9.48 in the opening minute, 10.13 now

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Originally Posted by RagingBull 

I read several articles that said that the executives of the company were holding employees "hostage" with their stock.  Here's one for your viewing pleasure:

 

http://news.cnet.com/8301-13506_3-57322150-17/zynga-to-employees-give-back-our-stock-or-youll-be-fired/
 

 

Those employees must be dancing in the streets now, I hope they get to keep all their shares.

$1B market cap... gimme a break.

Its a great deal for the company insiders. Thats about it.

New lows 9.36