Zynga IPO posited as pre-Thanksgiving
Sources date pricing and flotation in week before 24 November
News sources are reporting that Zynga is ready to date and price its IPO, with the company floating its stock in the week before Thanksgiving on 24 November.
Reuters cited two separate anonymous sources familiar with the offering, pointing out that the usual two-week 'roadshow' period of presenting to investors would likely put Zynga's offering hot on the heels of consumer deal network Groupon.
In other Zynga news, Industry Gamers revealed exclusively that Westwood Studios founder and industry veteran Lou Castle has resigned from his position of VP of studios at the social publisher, citing a need to spend more time with family.
Instead, he has taken up the position of COO at Vegas-based gambling supplies company Shuffle Master.
"The Zynga gig was clearly a 5 day a week, 24/7 requirement," Castle told Industry Gamers. "[I have] twins in senior year of high school and [Shuffle Master's] a local job. Life's too short, so I couldn't resist."
Castle only joined Zynga in March, 2011 but has sat on the board of Shuffle Master for six years. He has now stepped down from the board to take the job of COO.