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According to CNBC and GreenCrest Capital, the company hopes to raise between $1.5 and $2 billion dollars. That could put the company's valuation as high as $20 billion.
In Zynga's case, it might very well be worth that kind of cash. GreenCrest notes that Zynga's revenues for 2011 are trending toward the $1.5 billion mark. Additionally, it's operating with profit margins in excess of 40%.
In light of the recent market activity surrounding LinkedIn and Pandora, a Zynga offering could really soar.