Zynga IPO headed for NASDAQ
SEC filing shows that 78 per cent of 2010 revenues came from top three games
Zynga will list its forthcoming IPO on the NASDAQ stock exchange under the ticker symbol "ZNGA", according to a new SEC filing.
The NASDAQ is home to a significant number of tech companies, and the new filing suggests that Zynga is now ready for its IPO after numerous delays over uncertain market conditions.
The document also revealed that 78 per cent of the company's revenue was generated by its top three games: CityVille, Mafia Wars and FarmVille.
Despite the rapid rise of EA's The Sims Social, Zynga remains the clear leader in the social market. However, the company launched an IP offensive at an official event last week, announcing five new games and a proprietary portal, Zynga Direct.
Zynga first filed for its IPO in July. The company is expected to raise around $20 billion, with CEO Mark Pincus due to retain an "unprecedented" 70 times more voting power than anyone buying shares in the floatation.
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