Feeds

Farmville maker Zynga raises $1bn for IPO

Offering is biggest since Google

Choosing a cloud hosting partner with confidence

An online games company that derives most of its revenue from privately-held Facebook has raised $1bn in its initial public offering.

That figure is second only to Google's IPO in 2004, when the world's largest ad broker got a $1.9bn leg-up.

Zynga, which was founded in 2007 and develops games such as Farmville and Alec Baldwin's favourite puzzle Words with Friends, sold 100 million shares for $10 each, according to Bloomberg.

The San Francisco-based outfit has offered the stock for $8.50 and $10 apiece, said the news wire. Zynga begins trading on Wall Street today.

A US Securities and Exchange Commission filing shows that the company founded by CEO Mark Pincus plans to offer 14 per cent of its common stock.

For the first nine months of this year Zynga, whose IPO values it at around $7bn, pulled in revenue of $829m. ®

Choosing a cloud hosting partner with confidence

More from The Register

next story
Download alert: Nearly ALL top 100 Android, iOS paid apps hacked
Attack of the Clones? Yeah, but much, much scarier – report
NSA SOURCE CODE LEAK: Information slurp tools to appear online
Now you can run your own intelligence agency
Microsoft: Your Linux Docker containers are now OURS to command
New tool lets admins wrangle Linux apps from Windows
Microsoft adds video offering to Office 365. Oh NOES, you'll need Adobe Flash
Lovely presentations... but not on your Flash-hating mobe
You stupid BRICK! PCs running Avast AV can't handle Windows fixes
Fix issued, fingers pointed, forums in flames
HTML5 vs native: Harry Coder and the mudblood mobile app princes
Developers just want their ideas to generate money
prev story

Whitepapers

Designing and building an open ITOA architecture
Learn about a new IT data taxonomy defined by the four data sources of IT visibility: wire, machine, agent, and synthetic data sets.
5 critical considerations for enterprise cloud backup
Key considerations when evaluating cloud backup solutions to ensure adequate protection security and availability of enterprise data.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Business security measures using SSL
Examines the major types of threats to information security that businesses face today and the techniques for mitigating those threats.