Zynga Goes For $1 Billion IPO


Posted on 1st July 2011 by cloudhostingguy in Cloud Hosting


Zynga earlier today filed an S-1 with the SEC.  What this means to you and me is the company plans to go public. According to the filing, Zynga aims to raise as much as $1 billion, but this could be a place holder amount.  According to the filing Zynga has 60 million daily active users in 138 countries. 38,000 virtual items are created every second. The company had $100 million in revenue in 2010, and grew revenue to $235 million in the first quarter of 2011.

Zynga is profitable, posting $27.9 million in net income in 2010, which is a a 28% net margin

For those of you that are interested in Zynga and how fast they can scale their cloud servers. You should check out NetHosting and their case studies on these types of companies.  It’s amazing how cloud hosting has changed the world that we live in.  Cloud servers make it possible for companies like Zynga, Dropbox, and several other companies to scale overnight.

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