Social gaming giant Zynga is preparing to file its paperwork for a stock listing, new reports have suggested, with the company aiming to raise up to $US2 billion.
Such a raising would give the company, the maker of the popular FarmVille Facebook game, a valuation of between $US15 and $US20 billion.
According to the Wall Street Journal, Zynga has chosen Morgan Stanley to help spearhead the venture, with Goldman Sachs working as lead underwriter. It is also understood that Barclays Capital and Bank of America will play a role in the listing as well.
Zynga has skyrocketed to success in the past few years and is seen as the pinnacle of the social gaming movement. It counts over 270 million users every month on its Facebook games alone.
ABOUT THE AUTHOR
Patrick Stafford is a freelance journalist and a former deputy editor of SmartCompany.
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