Zynga IPO values company as high as $9.04 billion
In a report published today, Zynga, an online game developer is valued at $9.04 Biiion and plans to sell 11.1 % share in an IPO.
The leading social games maker plans to sell 100 million new shares at between $8.50 and $10 each, according to a U.S. regulatory filing on Friday.
At the midpoint price, the IPO could raise $925 million, which would make it the largest from a U.S. Internet company since Google Inc raised $1.7 billion in 2004.