Zynga Inc., the biggest maker of social games on Facebook, is preparing to file an initial pubic offering of stock by the end of June.
While the company’s last valuation was around $10 billion, there’s no doubt that this valuation could skyrocket once it hits the public markets.
Other technology IPOs have done well this year. Demand Media in January enjoyed a 33% pop in share price on its first day of trading. Shares of LinkedIn, a social network aimed at executives and job seekers, soared 109% on its first day of trading last week, giving the Bay Area company an eye-popping $9-billion valuation.