Zynga's IPO reportedly due before end of November
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Filed back in July, social gaming giant Zynga's initial public offering (IPO) should come to fruition this November, with its shares trading before Thanksgiving holiday in the US.
That's according to unnamed sources cited by Reuters, who claim though the plan has not yet been finalised, they been briefed to expect it before November 24.
Rolling out the roadshow
The filing of Zynga's S-1 was accompanied by an intention to raise $1 billion from the offering, with Morgan Stanley and Goldman Sachs serving as the lead bankers for the move.
"Our strategy from the beginning has been to build the biggest macro bet on social gaming to provide our players with the most accessible, social and fun games," said founder and CEO Mark Pincus on the S-1 form.
"Despite our rapid growth, we have been careful to build for the long term."
Reuters expects Zynga to begin its marketing 'roadshow' for its IPO in a matter of weeks.
[source: Reuters]