Social game developer Zynga priced its shares on Thursday evening ahead of a Friday IPO, the largest since Google went public in 2004. The maker of hit Facebook games "CityVille" and "Mafia Wars" even trumped funds raised by the much-hyped Groupon in its Nasdaq debut.
Similarly, online gaming company Nexon began trading on the Tokyo Stock Exchange on December 13. Nexon's IPO raised about as much money at the same valuation as Zynga (see stats below), according to AllThingsD; but, VentureBeat reports, Nexon shares fell after it began trading.
Here's everything you need to know about Zynga's IPO.
Nasdaq ticker name: ZNGA
Funds raised: $1 billion
Valuation: $7 billion
Number of shares offering: 100 million
Total number of fully diluted shares: 890 million
Initial share price range: $8.50 to $10
Price of shares, morning of December 16: $10
Price of shares as of 4 p.m., December 16: $9.50
Date founded: 2007
Number of employees: 1,483
Net income 2010: $90.6 million
Number of monthly active users, estimated at IPO filing: 232 million
NUmber of daily active users, estimated at IPO filing: 60 million
95: Percentage of revenue derived from selling online goods
5: Percentage of revenue derived from advertising
Funds raised by Google's IPO in 2004: $1.7 billion
Google market cap at time of IPO: $23.1 billion
Google market cap on December 15: $203 billion
Funds raised by Groupon IPO: $700 million
Groupon valuation at time of IPO: $12.8 billion
Groupon market cap on December 15: $14.7 billion
Funds raised by LinkedIn IPO: $353 million
LinkedIn valuation at time of IPO: $4.3 billion
LinkedIn market cap on December 15: $6.4 billion
Fun fact: Zynga takes its name from Zinga, a bulldog belonging to founder and CEO Mark Pincus.
Check out the slideshow (below) to see how Zynga compares with 9 of the year's biggest tech IPOs.
Social gaming company Zynga raised $1 billion in its IPO in December, 2011, the biggest web-related IPO since Google, according to the Associated Press. Zynga had a valuation of $7 billion before it began trading on the Nasdaq on December 16.
RenRen, the Chinese social networking site, raised $743 million in its IPO in May 2011, according to Reuters. At the end of its first day of trading, the company had a market value of $7.4 billion. As of December 16, 2011, RenRen's market capitalization stood at $1.34 billion.
The daily deals site raised $700 million in its IPO in November 2011, valuing the company at nearly $13 billion. As of December 16, 2011, Groupon's value was $14.4 billion.
LinkedIn, the professional social network, raised $352 million in its IPO in May 2011. According to Reuters, the company was worth $9 billon after its first day of trading on the public market. As of December 16, 2011, LinkedIn's value had dropped to $6.35 billion.
Internet radio site Pandora raised $234 million when it went public in June 2011, valuing the company at $2.56 billion, according to The Wall Street Journal. As of December 16, 2011, the company had a market value of $1.71 billion.
HomeAway.com, a vacation home rental site, raised $216 million in its IPO in June 2011, according to MarketWatch. In its first day of trading, reports TechCrunch, the company had reached a valuation as high as $3 billion. As of December 2011, HomeAway had a market cap of $1.89 billion.
Demand Media, a web content company, or "content farm," raised $151 million in January 2011. The Wall Street Journal reports that the company was worth a whopping $1.78 billion after its first day on the New York Stock Exchange. As of December 16, 2011, the company's market cap had fallen to $593 million. In the photo above, Richard Rosenblatt, Chairman and CEO of Demand Media, joins Tyra Banks at the New York Stock Exchange on March 15, 2011.
Angie's List, a site where members can review doctors, contractors and more, raised $130 million in its November 2011 IPO, according to VentureBeat. The AP notes that at the end of the first day of trading, the company was valued at $904 million. As of December 16, 2011, the site had a market cap of $886 million.
According to TechCrunch, the real estate website Zillow raised about $69 million in its July 2011 IPO. The value of the company rose to as high as $1.6 billion on the first day of trading but dropped to $950 million at market close. As of December 16, 2011, Zillow's market valuation was $657 million.