Zynga files for IPO

The biggest company in social network gaming is poised to become the biggest publicly-traded company in the video game industry.

Zynga, the maker of massively popular Facebook games like FarmVille and Mafia Wars, has filed the paperwork for an Initial Public Offering, where it says it hopes to raise $1 billion. That’s lower than some investors were expecting, but is likely to increase as bankers determine the offering price and how many shares should be sold.

Read more at Daily Variety