IPO Season in Full Swing: From Zynga to Yandex
Right after professional social network LinkedIn doubled its stock on launch day of its IPO, social gaming giant Zynga may be next. Rumor has it that the company currently valuated at $10 billion could file for a public offering with the SEC this week or next week the latest, according to sources.
From Reuters:
“Zynga could price itself higher than the $10 billion it was valued at in its latest round of funding, after LinkedIn’s stock more than doubled on its first trading day, underscoring rabid demand for Internet IPOs, the blog said.”
It has been known for some time now that Zynga, not to mention Groupon and Facebook, will be headed for an IPO soon. What was expected to be the coming months became days, though reporting of earlier-than-expected IPOs (such as in the case of LinkedIn a few months ago) has been proven to not always be definitive. Nevertheless, the public going of one company has been confirmed. Yandex, the largest search engine in Russia, has gone public today. The company priced its public offering at $25 a share. The company’s valuation at that price stood at $8 billion, and this number soared by 55 percent on its first day of trading to $38.84 at closing.
Yandex’s underwriters included Morgan Stanley, Goldman Sachs and Deutsche Bank Securities, and have the option to sell an additional 5.2 million shares to cover over-allotments.
Yet another company who is already gearing up for its public offering is Fusion-io. The flash memory solutions provider recently updated its S-1 SEC filing, and disclosed some of the names of its biggest customers, as well as sales figures and the fact it has become profitable this last quarter, ended March 30.
A message from John Furrier, co-founder of SiliconANGLE:
Your vote of support is important to us and it helps us keep the content FREE.
One click below supports our mission to provide free, deep, and relevant content.
Join our community on YouTube
Join the community that includes more than 15,000 #CubeAlumni experts, including Amazon.com CEO Andy Jassy, Dell Technologies founder and CEO Michael Dell, Intel CEO Pat Gelsinger, and many more luminaries and experts.
THANK YOU