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Zynga Plans $2B IPO

San Francisco-based Zynga may raise nearly $2 billion through a U.S. IPO.

San Francisco-based Zynga may raise nearly $2 billion through a U.S. IPO, Financial Times reports. The offering will value the social network game developer at $15-20 billion.

Morgan Stanley, Goldman Sachs, Bank of America Merrill Lynch, Barclays and JP Morgan will manage the transaction. The start-up is backed by venture firms Foundry Group, Union Square Ventures, Kleiner Perkins Caufield & Byers, Institutional Venture Partners and Andreessen Horowitz, adds Bloomberg.

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