Internet game developer set to go public
The IPO will make Zynga the first publicly traded company whose profits depend on the sale of virtual goods.
Published On 2 Jul 2011
The social network game developer maker Zynga is going public after filing for an initial public offering to raise an estimated $1bn.
This IPO is the largest for a US internet company since Google’s in 2004.The company’s offerings have over 270 million monthly active users and are the most widely used game applications on Facebook.
Al Jazeera’s Gerald Tan takes a closer look now at the latest dot-com business heading to Wall Street.
Source: Al Jazeera