Zynga to Raise $1 Billion in IPO [REPORT]

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Bloomberg is currently reporting the figure, but hasn't elaborated further. Zynga reps could not be reached for comment. Other outlets, including The Wall Street Journal also reported that Zynga was preparing to file a final IPO price on Thursday. The pricing is at the high end of the previously reported $8.50 to $10 per-share range.

Zynga intially filed to go public in July and planned to raise as much as $2 billion for a valuation of $20 billion. The company, however, delayed its IPO later in the summer because of the volatility of the market. At the current price, Zynga's valuation would be in the $10 billion range.