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Zynga Game Network files for initial public offeringJul 04, 2011 (Datamonitor Financial Deals Tracker via COMTEX) -- Zynga Game Network, Inc., a US-based developer of social games on the web, has filed a registration statement with the US Securities and Exchange Commission (SEC) relating to a proposed initial public offering (IPO) of its Class A common stock. A portion of the shares will be issued and sold by Zynga, and a portion will be sold by certain stockholders of Zynga. Rumor (June 28, 2011): According to Reuters, sources reported that Zynga Game Network is planning to raise between $1,500 million and $2,000 million through an IPO. Morgan Stanley & Co. LLC , Goldman, Sachs & Co., Bank of America Corporation (BofA Merrill Lynch), Barclays Capital, Inc. and J.P. Morgan Securities LLC are also acting as joint book-running managers, and Allen & Company LLC is acting as senior co-manager for the offering. Deal Type IPO Sub-Category Filing Deal Status Announced: 2011-07-01 Deal Participants Target (Company) Zynga Game Network, Inc. Deal Rationale The company intends to use the net proceeds to us from this offering for general corporate purposes, including working capital, game development, marketing activities and capital expenditures. |