While most folks in tech and finance were focused on Groupon’s much-buzzed-about stock market debut, Zynga on Friday morning issued an update to its S-1 filing for an initial public offering.
Zynga has revealed more details about the upcoming initial public offering (IPO) of its stock. In a revised S-1 filing to the Securities and Exchange Commission, the social gaming company said it will list its shares on the NASDAQ stock exchange under the four-letter ticker “ZNGA.”
Social gaming giant Zynga is the subject of a new patent infringement lawsuit, the latest in a string of such claims. Now that Zynga is under a microscope as it moves toward an IPO, will its legal troubles be too much for potential investors to handle?
Zynga is expanding its mobile ambitions by apparently picking up New York City-based developer Astro Ape Studios. The gaming powerhouse, which is preparing to go public, has been increasingly looking to shore up its mobile efforts, which has not be as successful as its Facebook business.
It looks like Zynga is polishing up the proverbial silver in the run-up to its planned IPO. The social gaming company has launched “PrivacyVille,” a new game-like tutorial that rewards users with zPoints, Zynga’s virtual currency, for learning more about the company’s privacy practices.
Zynga has shown a notable uptick in acquisitions in recent months. But although much has been made of the volume and frequency of Zynga’s M&A activity, the S-1 Zynga filed Friday for its planned IPO revealed exactly how savvy it has been in making those deals.
Zynga on Friday filed its S-1 with the Securities and Exchange Commission to raise $1 billion. The IPO filing comes just one day later than many people expected — reports have been bubbling for weeks that Zynga was planning to file its S-1 sometime in June.