Zynga Inc. could be valued somewhere between $15 billion and $20 billion, The Wall Street Journal reported. (David Paul Morris/BLOOMBERG)

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.

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