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Securities

Jul. 6, 2011

Zynga Seeks $1 Billion

There were no surprises in San Francisco-based Zynga Inc.'s long awaited initial public offering filed Friday.


By Robert Pierce


Daily Journal Staff Writer


There were no surprises in San Francisco-based Zynga Inc.'s long awaited initial public offering filed Friday. The maker of online social media games is seeking $1 billion and revealed that it earned more than $90 million in profits and brought in nearly $600 million in revenue in 2010.


"They're the real deal," Lior O. Nuchi, a Silicon Valley partner at McDermott Will & Emery L...

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