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Zynga Prices Initial Public Offering at $10 a Share

Casual gaming giant Zynga has today announced the pricing of its initial public offering of 100,000,000 shares of Class A common stock.

Zynga's shares will be offered to the public at a price $10.00 per share. In addition, certain of Zynga's stockholders have granted the underwriters a 30-day option to purchase up to an additional 15,000,000 shares to cover over-allotments, if any. Zynga will not receive any proceeds from the sale of shares by the selling stockholders.

Morgan Stanley & Co. and Goldman, Sachs & Co. are the joint bookrunning managers and representatives of the underwriters for the offering. BofA Merrill Lynch, Barclays Capital Inc. and J.P. Morgan Securities LLC are also joint bookrunning managers, and Allen & Company LLC is a senior co-manager for the offering. Zynga's Class A common stock will trade on the NASDAQ Global Select Market under the symbol "ZNGA."

This offering will be made only by means of a prospectus, the company confirmed, with interested parties asked to write to the bookrunning managers to declare their interest.

San Francisco-based Zynga is the one of the world's largest social game developer with more than 227 million monthly active users playing its games, which include CityVille, FarmVille, Words With Friends, CastleVille, Zynga Poker, Empires & Allies, Indiana Jones Adventure World, The Pioneer Trail, Mafia Wars and Café World. Zynga's games are available on a number of global platforms, including Facebook, Google+, Tencent, Apple iOS and Google Android. monitors all leading technology stories and rounds them up to help you save time hunting them down.