San Francisco — Zynga, the San Francisco-based social games publisher behind titles such as “CityVille,” “FarmVille” and “Mafia Wars,” could file as early as Wednesday to raise as much as $2 billion in its initial public offering (IPO), CNBC reported. Morgan Stanley will serve as lead underwriter, people familiar with the situation told the network, adding that the company is expecting a valuation in the $15-$20 billion range. CNBC also reported that Zynga is in the process of putting together a credit facility of around $1 billion.
This article was also published in Bay Area Tech Wire.
http://tinyurl.com/3gz5hlh (CNBC video)