Farmville's Maker Looks to Harvest a Cool Billion from the Stock Market

Illustration for article titled emFarmville/ems Maker Looks to Harvest a Cool Billion from the Stock Market

As rumored two days ago, it is now confirmed that Zynga will hold an initial public offering of its stock on the NASDAQ tomorrow.

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The dominant maker of Facebook video games such as FarmVille and Mafia Wars has priced 100 million shares at $10 each. MarketWatch reported the development this afternoon, citing documents filed with the government.

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The company will be traded on the NASDAQ under the ticker symbol ZNGA.

Word spread of an IPO earlier this week when sources said Zynga employees were taken into meetings to discuss how the offering will affect them and what it means for the company's future. Zynga gave no comment to Kotaku when questioned about these developments.

Zynga Prices IPO at $10 to Raise $1 Billion [MarketWatch]

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DISCUSSION

So within 10 years, all that will be left of gaming would be these stupid and cheap facebook games from developers willing to make a quick buck?

Even I barely consider Farmville a game. I have no intention to play it, but this does not seem right at all.