Anonymous sources: Facebook targets huge IPO http://t.co/EjwveFsw
— Jacqui Barrineau (@JBNotes) November 29, 2011
All of my friends who play FarmVille on Facebook (ALL. DAY. LONG!) will be interested to know the gamemaker Zynga has filed for a $1 billion IPO that The Wall Street Journal is calling a “test of investor appetite for social media companies.”
According to the Journal’s anonymous sources, the IPO, which will seek to raise $2 billion, could value the company as high as $20 billion.
Read the not-so-anonymous SEC filing here.
Does anyone smell a bubble?