Zynga’s initial public offering could happen (finally) the week before the November 24 Thanksgiving holiday in the United States, two anonymous sources told Reuters.
According to the report, the two sources have been briefed on the offering, but caution that the plans are not finalized and could change at any time. Reuters speculates that Zynga will proceed on the heels of Groupon, which just launched a roadshow approximately two weeks before its own IPO occurs.
Zynga filed its form S-1 back in July and has since made several updates to the document. The most recent update includes a third-party valuation completed in August, which found that the developer’s outstanding equity was worth $14.05 billion, up from a May $13.98 billion quote. There has been speculation that Zynga would delay its IPO into 2012 due to poor market conditions.
Source: Inside Social Games
Tuesday, October 25, 2011