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Feb 17
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Zynga Valuation 2011Business news Comments Off
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Bloomberg news is reporting Zynga is in talks to raise funding from T. Rowe Price Group Inc. and Fidelity Investments at a valuation of close to $10 billion.
Valuation of these new generation tech companies seems to be rising every passing month. Facebook has hit $50 billion, little Twitter has just hit $6 billion and now Zynga valuation is estimated now at $10 billion.
Zynga Secondary Market Valuation
As off February 2011, Zynga was valued at $6.2 billion on secondary exchange SharesPost Inc.
The stunning thing about this rush to buy shares in private market is, investoras are punting their money without having a look at the tech companies financial statements.
Investors are betting on making a killing in the IPO market. They were right when they said, IPOs are for gamblers!
Zynga 2011 revenues
Zynga is a private company and the only revenue numbers out are rumours from people close to the company. The latest estimate is Zynga revenue topped $600 million in 2010. With the successful launch of latest game, cityville in 2010, these revenue can only rise in 2011. Zynga is thought to be profitable.