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    Zynga's Red Hot IPO Could Set Gaming Stocks on Fire

    Wed, 05/25/2011 - 15:55 EDT - Seeking Alpha
    • Cool
    • GLOFF.PK
    • GLUU
    • LNKD
    • Mark Gomes
    • QPSA
    • RENN

    Mark Gomes submits:Hot IPOs can have a significant impact on the valuation of existing public companies. For example, the recent Renren (RENN) and LinkedIn (LNKD) IPOs proved to be a boon for Quepasa (QSPA) shareholders. In the days leading up to RENN's IPO, QPSA shares nearly doubled. A few weeks later, on the day of LNKD's IPO, QPSA shares rose as much as 34%. In the coming days, Zynga, a leading social/mobile gaming vendor, is expected to file paperwork to go public. Judging by its last round of funding, its IPO could result in a $10 billion valuation. As was the case for QPSA, the media frenzy surrounding Zynga's IPO could send shares of publicly-traded social/mobile gaming vendors soaring. Among them are Glu Mobile (GLUU), Gameloft (GLOFF), Majesco Entertainment (COOL), and RealNetworks (RWNK). Glu Mobile has already been making headway on the strength of hot games like Contract Killer, Gun Bros, DeerComplete Story »

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      Quepasa Corp (QPSA.OB): Quepasa Corp owns Quepasa.com which is a best of Facebook + best of Myspace + best of Zynga social networking site for Latinos. QPSA is the only social networking pure play that is publicly traded. Quepasa.com has been gaining traffic/membership quickly, adding 10 million members over the last 12 months and the growth is building momentum.

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    • Quepasa Could Be Set to Triple

      Mark Gomes submits:Mergers and Acquisitions activity is heating up in the social networking space and Quepasa (QPSA) could be the next to be acquired. If you want to know what Quepasa is all about, just go to its website. Quepasa.com is Latin America's answer to Facebook. It has over 20M members and has been growing its membership by more than 300%.

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