Zynga is scheduled to set the IPO price for the week before Thanksgiving this year

Source: Internet
Author: User
Keywords Zynga
Tags company exchange gaming ipo media media reports public set

Absrtact: October 25 News, according to foreign media reports, the source said in Monday, social gaming web site Zynga has been scheduled for this year's Thanksgiving (November 24, the last Thursday, November) to determine the initial public offering (IPO) price, and began trading.

October 25, according to foreign media reports, sources revealed in Monday, social gaming web site Zynga has been scheduled for this year's Thanksgiving (November 24, the last Thursday, November) to determine the initial public offering (IPO) price, and began trading.

The news warns that Zynga's IPO plan has not yet been finalized and may have changed. Typically, the roadshow for the IPO will last two weeks, which means that Zynga will begin its IPO roadshow shortly after Groupon is listed.

Zynga submitted its initial public offering to the Securities and Exchange Commission in early July, and plans to finance 1 billion of billions of dollars through an IPO. Zynga's prospectus shows that the company's 2008 revenue was 19.41 million U.S. dollars, 2009 revenue of 121.5 million U.S. dollars, 2010 revenue of 597.5 million U.S. dollars. Revenue for the first three months of the year was $235.4 million, compared with $100.9 million a year earlier. Zynga spent $41.99 million in 2008, spending $174.2 million in 2009 and $472 million in 2010. Spending in the first three months of the year was $94.61 million trillion, compared with $206.7 million a year earlier. Zynga lost $22.115 million in 2008, with a net loss of $52.822 million in 2009 and a net profit of $90.595 million in 2010.

The revised prospectus, submitted by Zynga to the Securities and Exchange Commission this month, shows that the company will be trading on the Nasdaq stock market, with the Securities code "Znga". Zynga's revised prospectus also shows that the company's founder and chief executive, Mark Ping Cass, Pincus the voting control before the IPO.

Groupon, the US's first big deal, submitted a document to the Securities and Exchange Commission (SEC) in Friday, which was set to be traded on the Nasdaq Securities Market on November 4, with the Securities code "GRPN". Groupon seeks to raise up to $621 million trillion in its initial public offering, which is valued at a maximum of $11.4 billion trillion. Groupon's current IPO plan is already smaller than its previous plan. Groupon had previously hoped to raise $750 million to $1 billion for its first public offering, and the company was valued at more than 15 billion dollars. The price range for Groupon shares is 16 US dollars to 18 dollars.

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