Zynga has filed for an IPO that could value the company at over $US7 billion, pricing its shares between $US8.50 and $US10 with the listing to take place next week.
An updated filing with the SEC shows the social gaming company will file for an IPO that could net the game development studio between $US850 million and $US1.15 billion.
The move comes after Zynga originally filed several months ago, but reports indicated the company delayed the venture due to market volatility.
The company is responsible for some of the most popular Facebook games, including FarmVille, which is free to play but nets the company money as users pay for items while playing.
Zynga plans to sell 100 million shares when it starts trading on the NASDAQ.
ABOUT THE AUTHOR
Patrick Stafford is a freelance journalist and a former deputy editor of SmartCompany.
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