Please support Game Informer. Print magazine subscriptions are less than $2 per issue
Zynga Sets IPO Price At $10, Plans To Raise $1 Billion
The Facebook and social game giant Zynga's long-awaited IPO will begin tomorrow morning. Today, the company announced that the stock will be offered at an initial price of $10 a share.
According to Market Watch, "The deal is worth $1 billion, based on the 100 million shares being sold in the offering, giving the company a total market value of just under $7 billion, based on total shares outstanding of 699.4 million, according to the company's filings with the Securities and Exchange Commission."
The company's ticker symbol will be listed as "ZNGA" on the NASDAQ exchange.
I’d like to ask you to support Game Informer’s continued coverage of games with a subscription. For less than two dollars per issue, we mail you a full year of 10 print magazines, each with cover stories and preview features filled with exclusive details about the most exciting upcoming games. We profile and interview game creators. We look back on the rich history of gaming, and we celebrate what’s next.
Here on the website, we offer much of our content for free, including game reviews, daily news, videos, event coverage, and more – all with minimal ads.
We do so with a small editorial team, alongside contributing paid writers from around the world – over 65 individuals from 9 countries around the world, just in the last couple of years.
It’s not possible without support.
In a time when game makers and games coverage have faced hard struggles and layoffs, the future of this 30+ year magazine and community is at risk. Our new standalone magazine subscription is the number one way you can keep us alive – and we believe you’ll get a pretty fantastic gaming magazine in your mailbox every few weeks for your trouble.
Thank you.
