FARMVILLE DEVELOPER CLOSES IN ON FLOAT

Zynga, the developer behind Farmville, has pencilled in a date for its much-anticipated IPO. The firm is starting a roadshow next week, with a view to pricing its shares on the Nasdaq on 16 December. The listing of around 10 per cent of the firm is likely to value the company at a lower-than-expected $10bn (£6.37bn) and generate around $900m in proceeds.