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Zynga, Kodak, Peabody: 3 Deals to Watch

Stocks in this article: UBNT BTU MT EK ANR

NEW YORK ( TheStreet) - Like Groupon, Zynga (ZNGA) is looking at an early November IPO, according to reports from the Wall Street Journal citing people familiar with the matter.

Last week, Groupon re-filed its IPO papers and targeted November 4th as the date it will sell shares to the public. At $1 billion, Zynga's IPO's will be the one of the ten largest public offerings of the year, according to data compiled by Bloomberg.

In a Mid-October filing with the Securities and Exchanges Commission, Zynga stated it would push ahead with its $1 billion listing, this time on the Nasdaq. The announcement came on the heels of Ubiquiti Networks' (UBNT) Oct. 13 initial public offering, which was the first IPO of the fall and signaled a thaw in the market for selling shares to the public. Zynga's decision also was a reversal of a previous August delay of an offering.

Like Groupon, in its most recent filing, Zynga's financial picture and growth looks to have improved since it pulled IPO plans this summer. The online gaming and virtual goods seller, most popular for its Zynga Poker, FarmVille, Mafia Wars and CityVille games reported it nearly doubled the number of patents it holds. According to the filing, the company's revenue has also nearly doubled in the first six months of the year to $522 million, but its loss has expanded to $31.4 million.

>>14 Stocks That Could Get a Boost From a Zynga IPO


A day after accepting a $4.9 billion joint bid with Peabody Energy (BTU) for Macarthur Coal of Australia, ArcelorMittal (MT) has now walked away from the deal, according to a press release. As a result, Peabody Energy will take full control of the takeover venture.

Peabody shares fell more than 6.7% to below $38.21 in early trading. Its shares have fallen over 40% year to date.

It's a change in course from last week when the Indian-steelmaker ArcelorMittal and U.S. coal giant Peabody announced they'd received approval from Macarthur's largest shareholder China's CITIC to take a majority stake in the world's largest miner of the coal used to make steel. After the approval, on Friday the partnership reported it had taken a near 60% stake in Macarthurs shares. After the share purchase, Peabody's chief executive said, "We are pleased to obtain a controlling interest in Macarthur Coal and look forward to advancing the company's operating performance and growth initiatives."

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