SharesPost Inc. recently valued the stock share price of Zynga to be in the range of $5.51 billion. To put that in context, it’s more than the $5.16 billion that Electronic Arts is valued on the Nasdaq Stock Market.
“The valuation is not that crazy, given what s going on in the market”, said Atul Bagga, an analyst at ThinkEquity LLC in San Francisco. “It’s not that terribly expensive seeing the growth prospects.”
Bagga estimates that the virtual goods market may reach $3.6 billion in three years. Zynga has 210 million monthly active users and has recently ballooned to over 1,200 employees.
Zynga has truly seen a meteoric rise since it was first established four years ago, now having six of the top 10 most popular apps on Facebok. Even since March, its value on SharesPost has nearly doubled from $2.61 billion.
Source: Business Week {link no longer active}
