Zynga looks lot less healthy than it did three weeks ago, but we don't know how that will affect its upcoming $1 billion initial public offering
Nearly three weeks after filing its S-1 forms with the Securities and Exchange Commission for an IPO expected to value the social gaming company at somewhere between $10 billion and $20 billion, Zynga dropped an additional 619-page document off with the SEC. The document, filed on Monday afternoon, is about three times longer than the original IPO filing and is packed with all kinds of new and previously undisclosed information. So, what's in there that they were hoping we might ignore? What's in there that might have been ready to file way back on July 1 but was conveniently delayed? Here are the three most surprisingly findings so far:
1. Google has invested in the company. When the first SEC filing was made public, All Things D's Tricia Duryee pointed out that "the social games company has not been entirely transparent about how much capital it has raised -- and as a private company, it didn't have to be." Near the end of the first S-1, Zynga announced that it had raised a total of $845 million from three official rounds of fundraising ... but it didn't name any of the investors. Because one of those investors is Google, which we can now confirm, you can see why Zynga, which has grown so quickly largely because of its partnership with Facebook -- Google's rival in a war that continues to get hotter by the day now that Google has its own social network -- would try to conceal that information.