Social gaming specialist Zynga is one of tech's big movers in premarket trading, lifted by the impending Facebook IPO.



NEW YORK (TheStreet) -- Social gaming specialist Zynga(:ZNGA) was one of tech's big movers in premarket trading, lifted by the impending Facebook(:FB) initial public offering.

With Facebook expected to price its offering late on Thursday, Zynga shares climbed 2.07% to $8.39 before market open.

Zynga, the company behind the popular Farmville and Mafia Wars games, accounted for 12% of Facebook's revenue in 2011 and 11% of the company's sales in the first quarter of 2012. Facebook, which has signed a deal with Zynga until 2015, retains up to 30% of the revenue from Zynga game sales on its platform.

Earlier this week, Facebook raised its projected price range to between $34 and $38 a share. The Menlo Park, Calif.-based firm had initially predicted a range of $28 to $35 a share.

With attention firmly focused on Internet stocks, Web giant Google(:GOOG) was also up in premarket trading, rising 0.49% to $632.03.

Apple(:AAPL) was one of the most active Nasdaq stocks in premarket trading, slipping 0.05% to $546.08 on share volume of 108,560.

Where do you think Facebook shares will close on their first day of trading? Why not tell us in TheStreet's Facebook IPO poll.

--Written by James Rogers in New York.

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