Zynga according to CNBC reporter Kate Kelly, Zynga will file its S-1 for an IPO with the SEC as early as tomorrow with a valuation between $15 billion and $20 billion.
Kelly says that Zynga will raise between $1.5 and $2 billion in its offering. The company, says CNBC, has selected Morgan Stanley as the main underwriter of the IPO, with Goldman Sachs and Bank of America also listed as additional underwriters.
Kelly also reports that Zynga will be looking to raise both debt and equity funding in the offering, and is currently profitable.
Zynga has been speculated to be near filing its initial S-1 for an IPO. The company reportedly recently raised $250 million in new funding at a $7 to $10 billion valuation earlier this year. Zynga’s investors include Reid Hoffman, DST, Google, Tiger Global, Kevin Rose, Kleiner Perkins, Union Square Ventures, Andreessen Horowitz, Peter Thiel, Foundry Group and IVP.
Leena Rao is currently a Senior Writer at Fortune Magazine.
Leena had a brief stint at Google Ventures as an Operating Partner.
Leena’s first role out of journalism school was at TechCrunch which she joined in 2008. She rose through the ranks becoming the Managing Editor for TechCrunch and a voice at TechCrunch Disrupt.
She recently finished graduate school at the Medill School of Journalism at Northwestern University, where she studied business journalism and videography. From 2004 to 2007, she helped lead Congresswoman Carloyn Maloney’s community outreach and relations efforts in New York City.
She graduated from Columbia University in 2003, where she was the captain of the women’s varsity tennis team. She has also contributed technology content for Oprah.com.