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Zynga Delaying IPO Due To Volatile Stock Market

by Matt Helgeson on Aug 29, 2011 at 09:19 AM

Zynga, the world's leading publisher of social games, has pushed back its upcoming IPO due to the recent volatility in the global stock market.

According to the New York Post, "[Zynga is] no longer in a rush because of the rocky stock markets." It's anticipated that the IPO will be pushed back to November, but no official date has been given.

Zynga hopes to raise more than $1 billion in funding through the stock offering.

Via: Industry Gamers