Zynga, the Social Gaming Giant files an IPO for 1Bn$.

Table of Contents

Zynga, the maker of games such as Farmville and Mafia Wars, On Friday filed an IPO in the aim of raising $1 billion.

The company has not yet decided on the cost of shares yet but they have predicted it to have a market valuation of $15-$20 billion.

Zynga registered a profit of $90.6 million for 2010, compared to a $52.8 million loss in 2009. The Company also mentioned 2010 revenue of $597.5 million in the filing, up from $121.5 million in 2009. First-quarter revenue of $235.4 million compared with $100.9 million in the year-ago period.

The problem facing Zynga is it’s heavy reliance on Facebook. Lou Kerner of Wedbush Securities comments on the complex relationship, “They do exist at the whim of Facebook, but it’s certainly in Facebook’s own self-interest to have a vibrant gaming ecosystem.”About 30% of Zynga’s revenue goes to Facebook, in exchange for hosting their games like Mafia Wars and Farmville.

Come what may, Zynga is definitely the year’s most promising tech IPO.


Sorav Jain

Sorav Jain is one of the leading and top-notch digital marketing influencers who kickstarted his career as an SEO specialist and became the driving force behind establishing echoVme Digital, one of the top digital marketing agencies in Chennai. At echoVme Digital, Sorav Jain works closely with his team of top-notch professionals with expertise in several domains of digital marketing, bringing the best ideas to the table with several years of experience. He founded Digital Scholar in 2019, an educational institute that offers top-notch digital marketing training for several enthusiasts

Leave a Reply

Your email address will not be published.

The reCAPTCHA verification period has expired. Please reload the page.


Job Seekers

We at echoVME Digital would like to inform you that some individuals are improperly using our company’s name to mislead job seekers.

Sadly, they falsely represent themselves as HR Managers of echoVME Digital and illicitly solicit money from innocent job seekers. We want to make it clear that echoVME Digital never charges any fees for job confirmations or any other part of the recruitment process.

If you receive any job proposals or recruitment details that purport to be from echoVME Digital and request money or personal banking details, please proceed with utmost caution and avoid divulging any sensitive information.

Please note that we will not be held responsible for any financial losses incurred due to these deceptive acts. Your trust and security matter greatly to us, and we are dedicated to keeping our recruitment process honest and transparent.

We appreciate your understanding and support in this matter.