Farmville creator Zynga set to file for $2bn float
THE social gaming giant behind FarmVille plans to raise up to $2bn (£1.25bn) in an IPO and is expected to file paperwork with US regulators as soon as today.
Sources close to the firm say it plans to float around 10 per cent of its shares, giving the company a market capitalisation of as much as $15bn to $20bn.
Morgan Stanley is expected to lead underwriters on the IPO, with Goldman Sachs, Bank of America Merrill Lynch, Barclays and JP Morgan also expected to be among the underwriters, the source said.
Its flotation is expected to attract bumper demand after the roaring success of IPOs by LinkedIn, RenRen and Pandora.
•Online coupon firm LivingSocial is thought to have met with banks this week to discuss an IPO of about $1bn. The US group is expected to pick lead underwriting banks by the end of the week.