Zynga Expects Stock IPO To Raise $1 Billion
Social media gaming company Zynga this week is expected to begin trading its shares publicly. It plans to sell 100 million shares — each one priced anywhere from $8.50 to $10. Zynga's initial public offering is expected be the largest technology IPO since Google's in 2004.
(SOUNDBITE OF THEME SONG TO ONLINE GAME, "FARMVILLE,")
Copyright © 2011 NPR. All rights reserved. Visit our website terms of use and permissions pages at www.npr.org for further information.
NPR transcripts are created on a rush deadline by an NPR contractor. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.
Correction Dec. 14, 2011
A previous online introduction to this story incorrectly said that the Zynga IPO was expected to be the largest since Google's in 2004. It was actually expected to be the largest technology IPO since Google's.