May 20
Zynga delaying IPO? PDF Print E-mail
Written by Ricardo Sousa   
Tuesday, 30 August 2011 06:06

Zynga delaying IPO?


Social-gaming site Zynga may delay its initial public offering until November as a result of the current turmoil in the stock market, according to the New York Post.



Zynga was looking to raise up to $1 billion by going public as early as September. But citing sources "with knowledge of Zynga's plans," the Post said the company has been concerned by the stock market's recent up-and-down ride, prompting it to back off on its IPO for now.

Launched in 2007, Zynga has turned into a force for online social gaming with such popular titles as FarmVille, CityVille, and FrontierVille. The company offers certain games through Facebook but also provides several through various mobile platforms.

Zynga, which could see more than $1 billion in sales this year, has been one of the most anticipated public offerings this year, according to the Post. The company's SEC filing pegged its
 

Add comment