Zynga Executives to Start Pitching Investors on IPO Next Week (Report)
NEW YORK - Social gaming giant Zynga is gearing up for the home stretch of its IPO process, planning to kick off its so-called road show on Monday, Fortune reported.
Founder and CEO Mark Pincus will be among the executives pitching the company, which makes such Facebook games as Mafia Wars and CityVille, to prospective investors, Fortune said. Zynga COO John Schappert and CFO David Wehner will join him.
The news is likely to be followed by Zynga detailing in a regulatory filing how many IPO shares it plans to sell and at what price. The road show would put Zynga's stock on track to start trading next month.
Zynga, which according to a report this week could face talent departures following the IPO, originally filed to go public in July. Back then, it was believed to be eyeing a market valuation of around $15 billion-$20 billion.
A company spokesman wasn't available for comment.