Social gaming juggernaut Zynga today filed with the SEC for an initial public offering to raise up to $1 billion. The company behind hit games like FarmVille and Mafia Wars said it had a profit of
$90.6 million on revenue of $597 million in 2010. For the first quarter of 2011, it reported a profit of $11.8 million on sales of $235 million. It has $995 million in cash on hand. Zynga, which makes
money mainly from selling virtual items such as poker chips for in-game use, boasts 232 million monthly active users in 166 countries. Investors include Kleiner Perkins Caufield & Byer, Union
Square Ventures, and LinkedIn founder Reid Hoffman. Here's the full
S-1 filing.
