The valuation is 7 billion. 1 Billion is the money they expect to raise from the... | Hacker News

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hristov on Dec 2, 2011 | parent | context | favorite | on: Zynga Files for $1B IPO

The valuation is 7 billion. 1 Billion is the money they expect to raise from the IPO.

7 Billion does not seem modest to me. Groupon's IPO was valued at a bit more (about 12.5 billion) and that seemed like a much more substantial business to me. And of course Groupon is not doing too hot right now.

nolok on Dec 2, 2011 | [–]

Groupon had to cheat their numbers to appear like they were making money. Zynga, for all their fault, don't need that.

kmfrk on Dec 2, 2011 | [–]

If 7B is the actual number, I agree that it's an absurd sum.

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