Zynga Eyes November IPO (Report)

NY - Social gaming giant Zynga, the organization behind such Facebook games as CityVille, FarmVille and Social City, is likely to cost its initial public offering and also have its shares buying and selling a few days before Thanksgiving on November 24, Reuters reported, stating sources briefed around the plans. It stated though the IPO plan is not completed and may change based on such factors as market trends. Fellow dotcom company Groupon, for instance, hopes to cost its shares at the begining of November. That will result in the online coupon firm the very first major IPO since an industry slump that began this summer time, meaning it might be a test situation for future choices, including Zynga's. Reuters stated Zynga is searching to begin its IPO marketing efforts, referred to as road show, right after Groupon's stock exchange debut. Zynga this summer time declared an IPO searching to boost around $1 billion. However, among the summer time's market turmoil, a slew of IPOs happen to be postponed, while some were scrapped. Earlier this year, Zynga revealed inside a regulating filing that it'll trade on Nasdaq under ticker symbol "ZNGA." Email: Georg.Szalai@thr.com Twitter: @georgszalai Related Subjects Zynga