IPO Values Zynga at $9B

Online gaming company Zynga is preparing an IPO that values the company at between $7.7 billion and $9.04 billion. The Farmville firm is selling an 11.1% stake, with 100 million shares going for between $8.50 and $10 each. The figures put Zynga on track to raise $925 million, more than any US Internet firm since Google in 2004, Reuters reports. A third-party analysis valued the company even higher, at $14.05 billion, two weeks ago—just below industry leader Activision Blizzard’s $14.2 billion. (More Zynga stories.)