With the 2011 IPO year coming to a close, all eyes are on Zynga's debut tomorrow. Zynga (ZNGA), which is a leading social game developer for Facebook, plans to raise $925 million by offering 100,000,000 shares at a price range of $8.50 to $10.00. At the midpoint of the proposed range, the company would command a market value of $8.3 billion on a fully diluted basis. Zynga has rapidly grown its business to reach over $1 billion in annualized revenue as of the end of the 3Q11. Morgan Stanley and Goldman, Sachs & Co. are the lead underwriters on the deal.
Renaissance Capital's Stephanie Chang speaks with Bloomberg's Scarlet Fu on Bloomberg Television's "InBusiness with Margaret Brennan" about Zynga's dependence on Facebook, possible aquisitions and how it compares to other recent high profile Internet IPOs.
