Zynga, the social gaming company whose “Mafia Wars,” “FarmVille,” and other games have amassed millions of devoted fans, is now worth billions of dollars and, on December 16, made its debuted on the Nasdaq stock exchange.
The company, which is named after founder and CEO Mark Pincus’ bulldog, “Zinga,” priced shares at $10 a piece and raised $1 billion in its IPO.According to the Associated Press, the gaming company is now second only to Google when it comes to high-value internet IPOs. The search giant raised $1.4 billion when it went public in 2004.
Zynga’s IPO is only the latest in a series of highly-anticipated initial public offerings from technology companies this year. LinkedIn, Pandora, Groupon and Zillow, among others, also made their public debuts.
But how does Zynga compare to these other companies’ IPOs? And how are these “hot” companies faring now?