Monday, August 29, 2011

Report: Zynga may delay IPO:
"The New York Post says social gaming giant Zynga isn't in any hurry to go public, and may wait until the end of the year.

Many investors’ eyes have been fixed on social gaming company Zynga since the company filed for an initial public stock offering at the beginning of July, with expectations the move could bring as much as a billion dollars into the company.
However, recent instability in the U.S. and global market has thrown a chill over many aspects of the investment community, and now the New York Post reports that Zynga is looking at pushing back its IPO a bit. Initially expected to land in September, the paper cites two sources “with knowledge of Zynga’s plans” that the company may delay its IPO until November."

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