Friday, July 1, 2011

Zynga Files For IPO

San Francisco-based Zynga has filed for an IPO, saying in a filing with the SEC Friday that it is looking to raise up to $1 billion on the public markets. The firm's IPO is being underwritten by Morgan Stanley, Goldman Sachs & Co., BofA Merrill Lynch, Barclays Capital, JP Morgan, and Allen & Company. zynga reported net income of $90.595M on revenues of $597.4M for the year ended December 31, 2010. Zynga is backed by Kleiner Perkins Caufield & Byers, Institutional Venture Partners, Foundry Venture Capital, and DST Global Limited.