Zynga Set to Sell 100 Million Shares in Huge IPO

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Dec. 2 2011 2:14 PM

Zynga Set to Sell 100 Million Shares in Huge IPO

Zynga is trending after the online gaming company filed documents that set their initial public offering at $8.50 to $10 a share, potentially valuing the company at $7 billion.

Zynga, the company behind FarmVille, Mafia Wars, and CityVille, is set to sell 100 million shares, or 14.3 percent of its total, a figure higher than other recent IPOs like LinkedIn and Groupon.

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Zynga has taken some P.R. hits recently, with players dropping off and an article in the New York Times portraying Zynga as a stressed-out, unhappy workplace.

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