Sunday, July 3, 2011

It's Raining IPOs: Zynga Files for $1 Billion

Zynga, the white-hot social gaming company, filed with the SEC on Friday to raise up to $1 billion in an initial public offering.

Zynga is the creator of popular online games, including Farmville, in which users pay for things like tractors and animals for their online farms. The company makes huge revenues from advertising as well.

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Source: http://www.thewrap.com/article/zynga-files-1-billion-ipo-28762

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