Zinga has announced the company registration with the U.S. Securities and Exchange Company to offer its Class A common stock.
Although no numbers of how many and how much is set, it was confirmed that the shares will be offered by Zynga and other current stockholders.
"The move comes after weeks of speculation about the potential imminent flotation of a portion of Zynga stock in an IPO, as well as the price such stock could go for. The company has recently been valued at between $15 and $20m." says Develop-Online in its recent article.
In a interview about the announcement Zynga CEO and founder Mark Pincus said the following:
By offering our shares to the public we hope to enable Zynga to invest more in play than any company in history, (...) To accomplish this, we will continue to make big investments in servers, data centers and other infrastructure so players' farms, cities, islands, airplanes, triple words and empires can be available on all their devices in an instant.
So what are you waiting for? Get that money out of your pillow, car tire, wall and put some stock in this baby since its making profit like a candy shop right next to a school.
No comments:
Post a Comment