Zynga boosted the amount it may raise in its upcoming initial public offering to $1.15 billion with a potential valuation of between $5.9 and $7 billion, according to a new amendment to its SEC filing.
By Dean Takahashi From VentureBeat
Zynga plans to raise around $850 million to $1.15 billion at a $5.9 billion to $6.99 billion valuation in an initial public offering that will be priced on Dec. 15 and begin trading the next day. Counting options, the value would be $7.6 billion to $8.9 billion.
Finally setting its long-awaited initial public offering in motion, social game maker Zynga has named a price range for its offering and unveiled its investor roadshow pitch for why company executives think it is a good investment. Zynga originally filed to go public in July 1.
Update: Zynga has 200 million or so options issued as well, which means that the fully diluted valuation is higher, at $7.6 billion to $8.9 billion.
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