Friday, July 1, 2011

Foundry To Benefit From Zynga IPO

San Francisco-based social games make Zynga filed for an IPO Friday, in what could be potentially one of the biggest paydays for Boulder-based Foundry Venture Capital. Zynga said it is looking to raise up to $1 billion in its IPO, which is being underwritten by Morgan Stanley, Goldman Sachs & Co., BofA Merrill Lynch, Barclays Capital, JP Morgan, and Allen & Company. Among the game maker's backers is Foundry Venture Capital (out of its 2007 fund), with a 6.1 percent ownership in the company. Brad Feld sits on Zynga's board of directors.