According to a report from The New York Times' DealBook, Zynga - the San Francisco-based company responsible for the massively popular social games FarmVille and CityVille - is finally committing to its IPO.
An anonymous tipper revealed that an investors' roadshow is planned for Monday 5 December, with a revised prospectus due to arrive by the end of the week. The company is expected to go public by mid-December.
Previous record
Earlier in November, Zynga CEO Mark Pincus had to defend his company's harsh tactics when certain employees were forced to relinquish their pre-IPO shares.
"We have nothing to hide in our past and present policies and I am proud of the ethical and fair way that we've built this company. As many of you have heard me say - we're building a house that we want to live in," Pincus retorted.
It's not the only time Zynga's inner workings have been under scrutiny, as earlier this week (November 28) the New York Times highlighted a series of complaints raised by current and former employees.
It's also coming under pressure from wider economic conditions.
[source: DealBook]
News
When Matt was 7 years old he didn't write to Santa like the other little boys and girls. He wrote to Mario. When the rotund plumber replied, Matt's dedication to a life of gaming was established. Like an otaku David Carradine, he wandered the planet until becoming a writer at Pocket Gamer.
Related Articles
News
Feb 13th, 2024
Mobile revenue exceeds Take-Two’s expectations, making over $2 billion in nine months
Top Stories
Events
GameDev Atlantic 2024 | May 4th | |
LA Games Conference 2024 | North America | May 6th |
Mobidictum Meetup Berlin May 2024 | Europe | May 7th |
Valencia Indie Summit 2024 | Europe | May 16th |
Mobidictum Meetup Tallinn May 2024 | Europe | May 21st |
Israel Mobile Summit 2024 | Middle East | Jun 6th |
WN Conference Istanbul 2024 | Jun 11th | |
DevGAMM Vilnius 2024 | Europe | Jun 14th |