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Online game maker Zynga prices IPO at $10 a share

Zynga IPO

Zynga is poised to harvest some cold hard cash in its initial public offering. Who knew that selling virtual cows and digital corn on Facebook would create a $7 billion company?

Senh: I have to say, I'm impressed. I didn't think anyone would pay for virtual items, but Zynga made that happen. $7B is not bad for a company that just makes Facebook apps.

 

It's game on for Zynga initial public offering

Zygna IPO

Zynga is expected to price its shares on December 15 in one of the most highly anticipated IPOs of the year. The IPO is expected to value the fast growing social gaming company at around $10bn, below some earlier estimates of as much as $20bn.

 

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