Zynga Files for $1B IPO

7/1/11

Several days later than expected, San Francisco-based Zynga, the maker of blockbuster social and mobile games such as Farmville and Mafia Wars, has filed registration papers with the Securities and Exchange Commission in preparation for an initial public offering. The company, which has opened offices in Seattle and Boston in the past year, says it hopes to raise $1 billion in the sale of common stock. The filing shows that Zynga’s largest shareholders are CEO Mark Pincus (16 percent) and venture firms Kleiner Perkins Caufield & Byers (11 percent), Institutional Venture Partners (6.1 percent), Foundry Group (6.1 percent), Avalon Ventures (6.1 percent), DST Group (5.8 percent) and Union Square Ventures (5.5 percent).

Wade Roush is a contributing editor at Xconomy. Follow @

By posting a comment, you agree to our terms and conditions.