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Report: Zynga May Delay IPO Due To 'Rocky Stock Markets'

Report: Zynga May Delay IPO Due To 'Rocky Stock Markets'

August 29, 2011 | By Mike Rose




Social games giant Zynga may be planning to delay its upcoming plans for an initial public offering due to poor market conditions, according to media reports.

The FarmVille studio filed an S-1 with the SEC indicating its desire to issue an initial public stock offering "as soon as is practicable" back in July.

However, according to the New York Post, and as reported by financial news website Reuters, the company may be considering a delay to the IPO until November.

The newspaper cites two sources who have knowledge of the potential delay, explaining that Zynga's original plan was to list as quickly as possible, but is "no longer in a rush because of the rocky stock markets."

Gamasutra contacted Zynga for confirmation, but the company declined to comment on the subject.

Following the IPO filing earlier this year, it was revealed that the company had 148 million unique monthly players across its games as of March 31, much lower than previous counts which tallied players of multiple Zynga games multiple times.


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