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Zygna Seeks US$1 Billion IPO

By Vincent Chang - on 4 Jul 2011, 9:22am

Zygna Seeks US$1 Billion IPO

Now who says you can't get rich making casual games? Zygna, who has up to 60 million users daily for its popular Facebook games, is gunning for a billion dollar IPO that could eventually see the company valued at as much as 20 billion. It's definitely a huge sum, but it's not that surprising considering the values of tech IPOs in recent times. Facebook for instance is likely to top this valuation when the social media company finally goes to file, expected to be sometime next year.

Wired - Zynga, the online game developer that made Facebook a safe haven for desk-bound farmers and wannabe Mafia hit men, has decided to cash in on all the fun with an initial public offering filing that expects to raise $1 billion.

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