After a bit of a delay, FarmVille creator Zynga has announced plans to go public.
The company filed its Form S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) today. According to the company, some of the shares will be sold by Zynga, while the remaining shares will be sold by "certain stockholders." Zynga has enlisted Morgan Stanley, Goldman Sachs, and Merrill Lynch, among other investment banks, to act as underwriters.
According to The New York Times, citing "a figure used to calculate the registration fee," Zynga is expecting to raise about $1 billion in the initial public offering. So far, the number of shares Zynga will offer and how much those shares will be priced at has not been announced.
Zynga joins a growing throng of start-ups that have decided to offer their shares on the open market. LinkedIn started selling its shares on the New York Stock Exchange in May, and saw its stock price jump 109 percent in its first day of trading. Groupon announced its plans to go public last month in an IPO valued at $750 million. Daily-deals provider and Groupon rival LivingSocial is also reportedly planning to go public.
The company filed its Form S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) today. According to the company, some of the shares will be sold by Zynga, while the remaining shares will be sold by "certain stockholders." Zynga has enlisted Morgan Stanley, Goldman Sachs, and Merrill Lynch, among other investment banks, to act as underwriters.
According to The New York Times, citing "a figure used to calculate the registration fee," Zynga is expecting to raise about $1 billion in the initial public offering. So far, the number of shares Zynga will offer and how much those shares will be priced at has not been announced.
Zynga joins a growing throng of start-ups that have decided to offer their shares on the open market. LinkedIn started selling its shares on the New York Stock Exchange in May, and saw its stock price jump 109 percent in its first day of trading. Groupon announced its plans to go public last month in an IPO valued at $750 million. Daily-deals provider and Groupon rival LivingSocial is also reportedly planning to go public.
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