Sections

Zynga share prices set at $8.50 to $10

Social gaming company releases pricing structure with updated S1 filing

The latest S-1 filing from social gaming company Zynga has set the share prices for its upcoming IPO at between $8.50 and $10 per share.

"Zynga Inc. is offering 100,000,000 shares of its Class A common stock," read the document.

"This is our initial public offering, and no public market currently exists for our Class A common stock. We anticipate that the initial public offering price will be between $8.50 and $10.00 per share."

The document also showed the CEO Mark Pincus would not be selling any of his shares.

Original estimates for the Zynga valuation stood at $20 billion, but these share prices would give the company a valuation of between $7 billion and $9 billion.

Zynga will now be focused on its roadshow to potential investors, with shares expected to go on sale on December 16, listed as ZNGA on the Nasdaq.

At the end of last month analysis from Cowen & company showed that user numbers for Zynga's online titles had actually stalled, an issue it believed Zynga should address ahead of its IPO.

Related stories

Zynga and NetEase bringing Dawn of Titans to China

High-end free-to-play mobile game due for Eastern release by the end of the year

By James Batchelor

Zynga funds 3 year social game design course at USC

Class will focus on "Zynga's design methodology" and promote diversity, inclusivity

By Dan Pearson

Latest comments (2)

Nick Parker Consultant 5 years ago
Despite the negative press towards Zynga, pointing at declining gamer numbers and lower than expected valuation at IPO, if Zynga pull this off at a valuation of anything above $7 billion, it will be a tremendous feat.
0Sign inorRegisterto rate and reply
its all smoke and mirrors ..... for a company probably only really worth 1/3rd of the overinflated valuation
0Sign inorRegisterto rate and reply

Sign in to contribute

Need an account? Register now.