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.
From GamesIndustry.biz Recommendations by Taboola