Zynga IPO Aims to Value Company at Lower-Than-Expected $10 Billion (Report)

NY - Zynga, the organization behind such Facebook games as FarmVille, CityVille and Frontierville, is focusing on a lesser market valuation in the approaching IPO than initially expected, Reuters reported.our editor recommendsZynga Professionals to begin Pitching Traders on IPO In A Few Days (Report)Zynga Eyes November IPO (Report)Zynga to Trade on Nasdaq Given a still-rocky stock exchange, it stated the social gaming firm is searching for a valuation as high as $10 billion, Reuters stated. Other reviews stated it may be as little as $7 billion. If this initially filed to have an IPO this summer time, some predicted a $15 billion-$20 billion valuation. The organization later pointed out another-party estimate that put its value at $14.05 billion. According to Wednesday closing prices, gaming giant Activision Blizzard were built with a market capital of $14.2 billion. Ea was worth $7.7 billion. Zynga's IPO is anticipated to cost its shares in mid-December at $8-$10 each, which may raise $900 million, Reuters reported. The organization is set to produce a so-known as road show to promote its IPO on Monday. Email: Georg.Szalai@thr.com Twitter: @georgszalai Related Subjects Zynga