A Zenga Initial Purchase Offering (IPO) has been a long time coming and with all the recent Internet company IPOs like LinkedIn, Groupon and Pandora, the timing seems to be appropriate. Not to mention that Zynga makes all of them, including Facebook, look very shaky as far a business models and profitability is concerned. On July 1st of this year they official filed and are moving forward quickly. A $91 million net income for last year is a huge difference from a loss of $53 million in 2009 and their growth is still increasing. They are well poised for a successful IPO that could increase their valuation to as much as $20 billion. However, Zynga isn't looking at this through rose-colored glasses.
Hit the break to see how Zynga plans to move forward and address their concerns.