Zynga’s stock price rose as high as 15 percent in early trading on Nasdaq as the company went public at $10 a share.
Social game maker Zynga, which began public trading today on the Nasdaq, released its latest set of numbers that are meant to dazzle investors. Check out the stats, from the number of pounds of food served to 1,700 employees at Zynga headquarters every week (24,000) to total neighbor connections in Zynga games (4 billion).
Zynga chief executive Mark Pincus rang the opening bell — in a virtual way, from Zynga’s headquarters in San Francisco — as trading began for Zynga’s initial public offering today.
After months of delay, social game maker Zynga is finally about to go public. The company priced its stock moments ago at $10 a share, the upper-end of the price range.
On the eve of its initial public offering, Zynga has kicked off some holiday marketing and launched a new mobile game, ForestVille.
Zynga is about to begin trading as a public company on Thursday, but the value of the company is up for debate, based on reports from some well-known Wall Street analysts and other financial experts.
Online game company Nexon saw its shares fall in its first day of trading on the Tokyo Stock Exchange following its $1.2 billion initial public offering.
Zynga is expected to go public any day now. The social game maker could raise more than $1 billion at a valuation of $8.9 billion as it seeks to spread its social games to all platforms where gamers congregate.
Zynga co-founder and chief executive officer Mark Pincus said today that his company could double its number of paid subscribers.
Ahead of its upcoming initial public offering, social gaming giant Zynga has accepted a settlement in a copyright infringement lawsuit it brought against Brazilian social game maker Vostu, which it had accused of blatantly copying some of its most popular games.
Editor's Pick Last week, VentureBeat hosted its first ever CloudBeat conference. It was a huge success (if we do say so ourselves), with more than 400 executives from cloud startups, leading cloud service providers, and various Fortune 500 companies coming together to talk shop. You can check out complete coverage of panels, talks and sessions here.
When credible reports about Zynga’s upcoming IPO filing started flying this July, expectations for the social gaming giant’s value were running $15 billion to $20 billion. Now, with Zynga detailing the offering ahead of trading set to start December 15th, the actual offering price could value the company from $5.9 billion to $6.99 billion, or $7.6 billion to $8.9 billion including employee stock options.
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.
Guest Post Three years ago, Mark Pincus told me that he was going to make Zynga more valuable than EA within five years. It took him only two.
The newest version of mega-popular game franchise Angry Birds isn’t a downloadable mobile app, but rather a web-based promotion built around California nut producer Wonderful Pistachios.
Guest Post Recently, we were proud to publicly unveil the private cloud computing infrastructure that we use to scale our social games — infrastructure that we internally (and affectionately) call zCloud. zCloud leverages both our internal infrastructure components and our public cloud partner, Amazon Web Services. This hybrid cloud, using private and public clouds in unison, allows us to scale our social games efficiently and effectively for our millions of daily players.
Two key executives at Sony’s U.S. game business have left the company. And one of them, Rob Dyer, has joined social game maker Zynga to work on partnerships.
Social game maker Zynga is reportedly planning to go public on Dec. 15 at a valuation of $10 billion, according to a report by Reuters.
Zynga‘s tens of millions of regular players and burgeoning revenues have many investors excited about its fast approaching Initial Public Offering, but Take Two CEO Strauss Zelnick is definitely not one of them.
Sojo Studios is announcing its first online social game, WeTopia, which is designed to be part of a series of games where players can have fun while doing good in the real world by raising money for children’s charities.
Fashion-focused media company StyleCaster has raised $1 million in a new bridge round from investors including Zynga chief mobile officer David Ko and Zynga board member and former MySpace CEO Owen Van Natta. The move will help the startup make further inroads with Silicon Alley and Silicon Valley.
The claws are out for Mark Pincus, chief executive of social game maker Zynga, today. First, the New York Times published a negative story on a potential talent drain at the social game company. Now Glass Door, the career services firm, says that Pincus has a 46 percent approval rating among his employees.
Zynga was reportedly spurned by two companies it was trying to acquire in what would have been gigantic deals in the game industry, according to a story in the New York Times.
Starting Tuesday, Zynga will add the Indiana Jones character to its Adventure World game on Facebook.
For almost four years, we’ve been building out GamesBeat as VentureBeat’s game channel. We have held three annual GamesBeat conferences where the movers and shakers of the industry talk about the latest trends in games. Now we’re expanding to build an even better GamesBeat.
Groupon went public earlier this month. Angie’s List went public Wednesday and saw its shares surge 25 percent the following day. And on Thursday, Yelp filed for a $100 million IPO. Has the tech IPO window has opened again, and if so, how long it will stay open?
Zynga has acquired 15 companies so far this year, including a few it hasn’t announced.
As the tech IPO window creaks open, contractor reviewing site Angie’s List has announced a $13 opening share price for a planned initial public offering later this month.
Social game maker Zynga formally launched CastleVille as part of its accelerated release schedule for games in advance of its planned initial public offering.
Social gaming powerhouse Zynga has been the buzz of the blogosphere today and the star of a back-and-forth over whether the startup is being equitable with how it hands out (and possibly takes back) equity to employees.
Zynga may float its initial public offering after the Nov. 24 Thanksgiving holiday, according to two sources close to the matter who spoke with Bloomberg.