Zynga IPO Filing Is Out
ZYNGA FILES FOR $1 BILLION IPO: It Did $235 Million In Revenue, Earned $12 Million In Q1 


        
        
        
          
        
          
        
    
              
                    
        
                      
                            
                        
                            
                            
                              
                              
                                  
                                      
                                      
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                          Flickr/Jdlasica
                          
                          
                              
                          
                          
                        Zynga has just filed with the SEC to go public.The company is on pace to generate well over $1 billion in revenue this year, and earn over $36 million. It's a pretty slim profit margin considering reports were circulating that Zynga was earning $400 million on $800 million in revenue earlier this year.It wants to raise $1 billion from the IPO, and it already has $1 billion in cash on hand.Here are the key numbers/information/things that jumped out at us:Zynga is looking to raise $1 billion.The IPO is being underwritten by Morgan Stanley, Goldman, BofA, Barclays, JP Morgan and Allen&Co.Zynga has 60 million active daily users, 232 million monthly users, and sees 2 billion minutes of play per day.March 2011 quarter revenue $235 million, up from $101 million in 2010. Zynga's revenue comes from the sale of virtual goods and advertising. Virtual goods accounted for $223 million.Net income for the March 2011 quarter was $11.8 million up from $6.5 million in March 2010 quarter.Zynga has $1 billion in cash, and securities on hand.In the risk factors, Zynga says, "If we are unable to maintain a good relationship with Facebook, our business will suffer." It also says, "A small percentage of our players account for nearly all of our revenue."Zynga spent $150 million in R&D for all of 2010. R&D has been up every quarter, and Zynga says it's due largely to increases in headcount.Cash flow from operations was $104 million for the March quarter.Mark Pincus' salary for 2010 was $300,000, his total compensation was $520,239EVP and Chief Business Officer Owen Van Natta's total compensation for 2010 was $43 million, the bulk of it was from stock awards and option awards.Mark Pincus owns 16% of the company and he's sold $105 million shares back to Zynga.Kleiner owns 10.5% of the company.
                          
                          
                          
                            
                        
                          
                          
                          
                        
                          
                          
                                
                          
                          
                          SEC
                          
                          
                              
                           See also: Here's Who Gets Rich Off The Zynga IPO.
                      
        
        
        
                  
                        
                        
                          
                              
                        
                            
                            
                        
                            
                        
                            
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