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Posted at 05:05 PM ET, 06/28/2011

Report: Zynga set to file for IPO this week


Zynga Inc. could be valued somewhere between $15 billion and $20 billion, The Wall Street Journal reported. (David Paul Morris - BLOOMBERG)
Zynga, the social gaming juggernaut, may be filing for its initial public offering as early as Wednesday, CNBC’s Kate Kelly reported.

Citing “people familiar with the matter,” The Wall Street Journal said the company could be valued somewhere between $15 billion and $20 billion.

The company has reportedly picked Morgan Stanley to lead the offering. Goldman Sachs, J.P. Morgan Chase & Co., Barclays Capitol and Bank of America Merrill Lynch will also reportedly have a role in the deal.

If the reports are true, Zynga will be the latest highly hyped tech company — following firms such as LinkedIn, Pandora and Groupon — to go public, prompting worries about a new tech bubble.

Related stories:

Groupon files for IPO

LinkedIn IPO shatters expectations

LinkedIn IPO hits $9 billion -- a new tech bubble?

By  |  05:05 PM ET, 06/28/2011

Tags:  Gaming

 
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