Zynga to file for IPO Thursday

Wednesday, 29 June 2011 20:52 GMT By Andrew Groen

A source familiar with Zynga’s operation told the Reuters news service that Zynga will be filing for an initial public offering on Thusday.

The source didn’t provide any other information on the development.

Rumors had been swirling lately that Zynga would be filing for an IPO with the United States Securities and Exchange Commission (SEC) very soon.

The company is rumored to be looking for a $20 billion valuation, and hoping to raise $2 billion with this IPO.