Holy f*cking Farmville. Zynga, makers of all those silly games on Facebook that you don’t play, have managed to raise $1 billion by offering up 100 shares at $10 in its public offering. Itstarts trading today on the Nasdaq, symbol name ZNGA.
To give you some idea of how crazy huge that is, Google’s 2004 initial public offering brought in $1.9 billion. Zynga’s is the biggest offering since Google, saysBloomberg.
Welcome gaming’s new monster company. Let’s see if they can move from browser games and friends list spam into something a bit more substantial. And maybe they can use that cash to buy a better logo.
