Social-gaming company Zynga is ready to brave the turbulent initial public offering market, and if the IPO goes well, it might just raise over $1 billion.
Zynga reported in a Securities and Exchange Commission filing today that it will price its stock between $8.50 and $10 a share. The company currently plans to sell 100 million shares, but has made 15 million additional shares available for over-allotment. Depending on how well Zynga can attract buyers, the company could raise between $850 million and $1.15 billion in its offering.
"We intend to use the net proceeds to us … Read more