NEW YORK, Nov 30 (IFR) - Facebook games developer Zynga Inc is seeking a lower-than-expected $10 billion valuation for its initial public offering, which is to be priced on December 15, two people close to the process said on Wednesday.
By Anthony Hughes and Robert Sherwood NEW YORK, Nov 30 - Facebook games developer Zynga Inc is seeking a lower-than-expected $10 billion valuation for its initial public offering, which is to be priced ...
SAN FRANCISCO (Reuters) - Zynga Inc's management on Wednesday pleaded for more time for its turnaround effort after the online game maker forecast a steeper-than-expected loss for the current quarter, sending its shares lower.
Online games giant Zynga is on track for a stock market debut in mid-December, the New York Times reported Wednesday.It cited an unnamed source as saying the company -- maker of Cityville and Farmville -- would revise its prospectus by the end of the week and be on track for an initial public offering (IPO) by the middle of next month.The company first filed paperwork for the IPO in July, aiming to raise some $1 billion, but has delayed the move because of market volatility. It is expected to command a market valuation of $15-20 billion.
Calgary-based SMART Technologies won’t be bothering those entities that compute the league tables. The firm, which completed a $660-million initial public offering nearly three years back — a performance that was 10% larger than originally expected and which gave the underwriters involved credits in the league tables — has decided “not to proceed with its previously announced senior secured notes offering at this time.”
(NEW YORK) — Hilton Worldwide Holdings Inc. said Monday that it could raise as much as $2.37 billion, making it one of the year’s biggest IPOs. The hotel operator said in a regulatory filing that the offering of 112.8 million shares is expected to price between $18 and $21 each. Hilton is offering about 64.1 million shares, and selling shareholders are offering 48.7 million shares. Selling additional shares to banks could put the IPO’s proceeds at as much as $2.72 billion.